Wanchen Group (300972.SZ) plans to acquire 49% of Nanjing Wanchang's shares to optimize the equity structure of the company's core business

Zhitong Finance App News, Wan Chen Group (300972.SZ) announced that the company plans to acquire 39% of Nanjing Wanchang's shares held by Nanchang Maoyi Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as “Nanchang Maoyi”) and 10% of Nanjing Wanchang's shares held by Nanchang Shengjing Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as “Nanchang Shengjing”) by means of cash payments, for a total of 49% of Nanjing Wanchang's shares.

Nanjing Wanchang is a holding subsidiary within the scope of the company's consolidated statements, and is an important operating entity in the company's snack sales business. Nanjing Wanchang mainly engages in mass snack retail business in central China, northwest China, southwest China and other regions through its holding subsidiaries. Relying on regional market accumulation and store network layout, it continues to cultivate key markets and enhance product supply, warehousing and distribution, and store operation and management capabilities. As of September 30, 2026, the Nanjing Wanchang store network covers 12 provinces (autonomous regions and municipalities directly under the Central Government).

This transaction is a minority equity integration implemented by the company around its existing main business, which is conducive to further optimizing the equity structure of the company's core business, increasing the share of equity enjoyed by shareholders of listed companies in the core business, enhancing the contribution of the core business to the company's net profit, and enabling shareholders of the listed company to fully share the current operating results and future development benefits of related businesses.