BBMG Corporation (02009): Handan Jinyu Commercial Concrete plans to acquire 90% of Hongpeng Commercial Concrete's equity for 34.1784 million yuan.

BBMG Corporation (02009) announced that its wholly-owned subsidiary, Handan Jinyu Taihang Commercial Concrete Technology Co., Ltd. (referred to as "Handan Jinyu Commercial Concrete"), within the scope of the consolidated financial statements, intends to acquire 90% equity of Hongpeng Commercial Concrete Co., Ltd. (referred to as "Hongpeng Commercial Concrete") held by Hebei Fengfan Trading Co., Ltd. (referred to as "Hebei Fengfan") and Hebei Zhuida Construction Labor Subcontract Co., Ltd. (referred to as "Hebei Zhuida") for an evaluation value of 34.1784 million yuan. After the completion of this transaction, Hongpeng Commercial Concrete will become a subsidiary within the scope of the consolidated financial statements of the company. The future prospects of the commercial concrete market in Handan region are good and the operation is stable. Through this acquisition, the target company will form sales linkage with the sites of Jinyu Commercial Concrete in the main urban area of Handan city, achieve full coverage of the commercial concrete market in the main urban area of Handan, further improve regional layout, enhance the influence of Jinyu Commercial Concrete in the Handan region, increase market share, leverage synergies, and have strategic significance. At the same time, aligning with the company's cement business to achieve internal resource synergy, the acquisition of Hongpeng Commercial Concrete can create a competitive advantage in the company's industrial chain, expand into the Yongnian and surrounding markets, increase Jinyu Cement sales volume, strengthen group resources sharing within the industrial chain, and maximize the benefits of the group's industrial chain.