Hangzhou Haoyue Personal Care (605009.SH) Intends to acquire 100% equity of Silk Treasure Care for a transaction price of 360 million yuan.

Hangzhou Haoyue Personal Care (605009.SH) announced that the company has signed a Stock Transfer Agreement with Hubei Sibao Co., Ltd. ("Sibao Co."), Liang Liangsheng, and Hubei Sibao Personal Care Products Co., Ltd. (hereinafter referred to as "Sibao Care" or the "target company"), agreeing to acquire 100% of the equity of Sibao Care held by Sibao Co. for a transaction price of 360 million RMB. After the completion of this transaction, the company will hold 100% equity of Sibao Care. The announcement states that from the perspective of brand continuity, the brands of Sibao Care, including "Jieting," "Quanyinai," and "Meiyuejian," have high recognition, reputation, and credibility in the industry, as well as good brand influence and value. After this transaction is completed, the company will continue to use the brand labels corresponding to the previous products and fully leverage the long-term accumulation and maintenance of the brand influence. At the same time, with comprehensive alignment at the strategic level and deep integration at the business level between the two parties, greater value will be generated.