JBB BUILDERS (01903) plans to invest 120 million yuan to acquire 100% equity of Chengdu Jianfu Convenience Store Management Co., Ltd.

JBB BUILDERS (01903) announced that on January 29, 2026, the company plans to acquire 100% equity interest in Chengdu Jianfu Convenience Store Management Co., Ltd. from Xiamen Jianfu Chain Management Co., Ltd. for a total price of 120 million RMB. The target company operates convenience stores in Sichuan Province, China, with a wide network of upstream suppliers (including but not limited to food and daily necessities) and downstream end customers. The target company also has its own administrative office in Chengdu. Compared to other subsidiary companies of the seller, the target company is more independent and complete in its operations. The target company has 65 directly operated stores and 30 franchise stores. The company believes that this acquisition will be a relatively mature and suitable investment opportunity to enter into the convenience store business. Leveraging its existing network, store locations, and supply chain resources, the company aims to provide a more convenient way to expand into the new convenience store business. Therefore, the company can rely on the comprehensive and continuous support provided by the above-mentioned system and achieve diversification in the group's revenue sources after completion.