Dongpeng Drinks announced that the company previously considered and approved the establishment of a wholly-owned subsidiary, Zhengzhou Dongpeng Vitamin Drinks Co., Ltd. in the Zhengzhou Economic and Technological Development Zone to invest in the construction of Dongpeng Beverage's Zhengzhou production base project. Recently, the Zhengzhou base and the Natural Resources and Planning Bureau of Zhongmu County, Henan Province signed the “State-owned Construction Land Use Rights Concession Contract”. The parcel area is 160,727.39 square meters. The purpose is industrial land. The concession period is 50 years, and the concession price is 98.05 million yuan, which must be paid in one lump sum before December 31, 2026. This land acquisition is conducive to advancing the implementation of the Zhengzhou production base project and improving market coverage and supply responsiveness in central China. It will not have a significant impact on the company's current business and financial operations. There is some uncertainty about the project implementation progress.

Dongpeng Drinks announced that the company previously considered and approved the establishment of a wholly-owned subsidiary, Zhengzhou Dongpeng Vitamin Drinks Co., Ltd. in the Zhengzhou Economic and Technological Development Zone to invest in the construction of Dongpeng Beverage's Zhengzhou production base project. Recently, the Zhengzhou base and the Natural Resources and Planning Bureau of Zhongmu County, Henan Province signed the “State-owned Construction Land Use Rights Concession Contract”. The parcel area is 160,727.39 square meters. The purpose is industrial land. The concession period is 50 years, and the concession price is 98.05 million yuan, which must be paid in one lump sum before December 31, 2026. This land acquisition is conducive to advancing the implementation of the Zhengzhou production base project and improving market coverage and supply responsiveness in central China. It will not have a significant impact on the company's current business and financial operations. There is some uncertainty about the project implementation progress.