Hualan Co., Ltd: Intends to establish a joint venture company to engage in Tibetan medicine bathing and plaster business.

Hualan Corporation announced on the evening of May 23 that the company recently signed a "Shareholder Agreement" with Ms. Shan Yexing. Hualan Corporation will establish a joint venture company with Shan Yexing, focusing on the research, production, and sales of Tibetan medicine bath and plaster products. The registered capital of the joint venture company is 7 million yuan, with Hualan Corporation contributing 4.298 million yuan, accounting for 61.4%. This external investment is beneficial for the development of new business growth points and expanding the company's influence.