Shuiyang Corporation responds to the exclusive operating rights dispute with Ruoyuchen.

E-commerce operation outsourcing company Ruoyuchen recently announced that the company will become the exclusive general agent for the core oral beauty and health care product line of the Spanish beauty brand Mestique in China, and will obtain irrevocable trademark usage rights and other related authorizations. Another listed cosmetics company, Shuiyang Co., Ltd., also announced that it has been representing Mestique's business in China since 2021, and remains the "exclusive distributor" of the brand in China. It emphasizes that no third party has the right to open stores or release related information in the name of "official". In response to the conflicting statements of exclusive operating rights in the announcements of both parties, Shuiyang Co., Ltd. responded to the fashion industry, stating that the company is still within the contract period with Mestique, and relevant matters are being further communicated with the brand, and official announcements will be followed up on.