Shanghai Rongtai Health Technology Corporation (603579.SH) plans to acquire 21% of Motoyoushang Corporation's shares for 42 million yuan and obtain control rights.

Shanghai Rongtai Health Technology Corporation (603579.SH) announced that the company intends to sign a preliminary agreement with Shanghai Youmoyouyang Health Technology Co., Ltd. ("Youmoyouyang"), a current shareholder, to acquire 21% of the target company's shares with its own funds totaling 42 million RMB. The valuation of the target company is estimated to be 200 million RMB. Additionally, through a voting rights proxy arrangement, the company plans to sign a concerted action agreement with the actual controller of the target company, Zeng Biyan. It is expected that after the transaction is completed, the company will control 56.5% of the voting rights of the target company, thereby obtaining control of the target company. The target company will be included in the company's consolidated financial statements as a subsidiary. After the completion of this transaction, it will help increase the company's competitiveness in the personal health care massage device product pipeline and further enhance the company's business scale and profitability. The intended agreement is based on the preliminary agreement reached by both parties regarding the acquisition. Before the company completes the statutory procedures and the transaction is formally implemented, it will not have a significant impact on the company's normal production, operation, and performance.