Kid Wang (301078.SZ) plans to indirectly acquire a controlling interest in Siyu Industrial and continue to be deeply involved in the personal care industry for a long time

Zhitong Finance App News, Kid Wang (301078.SZ) announced that the company intends to transfer 65% of the shares of Jiangsu Star Siyu Investment Management Co., Ltd. (“Jiangsu Star Holdings” or “Five Star Group”) held by the related party Five Star Holding Group Co., Ltd. (“Five Star Holdings” or “Five Star Group”). In order to strengthen industrial collaboration and resource integration, Xi'an Juzi Biotech Co., Ltd. (“Giant Biotech” for short), natural persons Chen Yingyan, and Wang Deyou plan to also transfer 10%, 8% and 6% of Jiangsu Xingsiyu's shares held by Five Star Holdings. After the share transfer is completed, Jiangsu Xingsiyu will become the company's holding subsidiary. Since the registered capital of Jiangsu Xingsiyu had not been paid before the share transfer, and there were no actual operating activities, the company, Jujunzi Biotech, Chen Yingyan, and Wang Deyou will transfer the price shares of Jiangsu Star Siyu It's 0 yuan.

The company plans to acquire 100% of the shares of Zhuhai Siyu Industrial Development Co., Ltd. (“Siyu Industrial”) through its holding subsidiary Jiangsu Xingsiyu Cash. The transaction used the equity assessment value issued by an evaluation agency engaged in securities and futures services as a pricing reference, and the final determination of the transfer price was RMB 1.65 billion. After the transaction is completed, the company will indirectly hold 65% of Siyu Industrial's shares, and Siyu Industrial will become the company's holding subsidiary.

According to the announcement, Siyu Industrial was founded on July 1, 2014. It has long focused on deepening the personal care industry and has become a leading enterprise in the industry segment. Driven by technology, Siyu Industrial is committed to innovative research and development, and has established a strict quality management system. Relying on modern factories, it ensures quality control throughout the product chain from R&D to production to ensure product safety and efficiency. While focusing on product development and production, Siyu Industrial has actively laid out offline stores and successfully created a “product+service+channel” integrated business model to provide customers with a complete set of hair health solutions such as hair care, prevention of hair loss and hair growth, and black hair.

After the transaction is completed, Siyu Industrial will become the company's holding subsidiary. The company's online and offline channels will be further strengthened, and the business scale will be further expanded.