JIUMAOJIU (09922) plans to invest $43 million in North American chain restaurant Big Way Group Inc.

JIUMAOJIU (09922) announced that on December 29, 2025, the company entered into a non-legally binding agreement with the target company, Big Way Group Inc., to acquire a certain number of existing shareholders' shares of the target company for a total purchase price of $15 million; and to subscribe for shares of the target company for a total subscription price of $28 million. According to the final agreement, after the possible investment is completed, the target company will have different classes of shares with varying voting rights and participation rights. It is anticipated that the company will have the right to acquire approximately 10.8% of the voting rights and 49.0% of the participation rights of the target company through holding approximately 49.0% of Class A shares (each with one voting right and one participation right) of the target company. It is reported that the target company is a North American chain restaurant operating under the brand "Big Way Hot Pot," offering a self-service hot pot dining experience featuring a variety of quality meats, seafood, fresh vegetables, and a range of condiments, all cooked in delicious broth. As of the date of this announcement, Big Way Hot Pot operates 21 restaurants in Greater Vancouver, Toronto, and California. As a Chinese restaurant chain brand that has successfully localized its operations in the North American market and entered the expansion stage, the target company has a solid foundation for development and growth potential. Through this potential investment and previous investments, the group is expected to support the further development of the target company in terms of standardization and replication of the chain brand, establishment of operational management systems, and organization and talent development. At the same time, leveraging the operational foundation established by the target company in the North American market, the group can also establish a more solid foothold in the North American market and create positive synergies within the group's brand network, thereby generating strategic value and economic returns for the group.