The company and all members of the board guarantee that the information disclosed is true, accurate, complete, and free from false records, misleading statements, or significant omissions. Kidswant Children Products Co., Ltd. (hereinafter referred to as "the Company") held the ninth meeting of the fourth board of directors on June 1, 2026, and approved the proposal regarding the change of the company name, registered capital, and amendment of the Articles of Association. The relevant information is announced as follows:
I. Explanation of Proposed Change of Company Name
Change Details
| Item | Before Change | After Change |
|---|---|---|
| Company Name | Kidswant Children Products Co., Ltd. | Kidswant Digital Technology Co., Ltd. |
| English Name | Kidswant Children Products Co., Ltd | Kidswant Digital Technology Co., Ltd. |
| Stock Abbreviation | Kidswant (unchanged) | - |
| Stock Code | 301078 (unchanged) | - |
Reasons for Name Change
After years of development, the Company has established a nationwide distributed and diversified scene layout, accumulating a vast member asset and multi-label structured user data, and possesses leading digital and intelligent technology capabilities in the industry. This will continuously empower business innovation and iteration, accelerating the Company's mid- to long-term development strategy. To align with the overall strategic upgrade, continuously expand the business landscape, deepen comprehensive digital intelligence empowerment, and achieve a complete brand reshaping and corporate value enhancement, the Company intends to change its full name to Kidswant Digital Technology Co., Ltd.
- Strategic Upgrade and Business Boundary Expansion In recent years, the Company has focused on its main business responsibilities, firmly promoting strategic transformation and business boundary expansion, continuously advancing the "Three Expansions" (expanding categories, expanding tracks, expanding business formats) development strategy. Through endogenous incubation and external investment, the business scope has gradually extended from a single focus on maternal and child products sales and services to cover all-age parent-child growth services, scalp and hair care products and professional maintenance services, women's skincare and beauty, and other diversified business areas, achieving comprehensive expansion of business formats and service scenarios.
The Company's subsidiary, Zhuhai Siyu Biotechnology Development Co., Ltd. (referred to as "Siyu Biotechnology"), has been deeply engaged in the scalp and hair health care field for over 20 years, forming a full-chain scientific research system of "basic research + application development + achievement transformation." It adheres to the "Technology Hair Care 3.0" development concept, relying on its own R&D center and scalp professional research center, collaborating with high-quality scientific research platforms for collaborative innovation, and building solid core technological barriers in fields such as bio-based materials, fermentation engineering, and scalp micro-ecology research. As of the end of 2025, Siyu Biotechnology has obtained over 50 patents. Siyu Biotechnology provides safe, scientific, and efficient comprehensive scalp and hair health services for parent-child families based on professional intelligent instruments and customized care plans.
- Comprehensive Digital Intelligence Empowerment The Company has long adhered to a digital intelligence development strategy, continuously promoting digital and intelligent investments, with cumulative related funding exceeding RMB 1.2 billion by the end of 2025. The Company has independently developed a leading digital platform in the parent-child family service field, establishing several front-end systems, including the Kidswant App, WeChat Mini Programs, and Cloud POS, with three major middle-end systems centered on business and data, supplemented by an AI middle-end, seven back-end systems, and terminals for employees and merchants, empowering business development and efficient management.