Established a new company named "Shiguang Meiji Cosmetics" under Shang Meigu Corporation.

According to the Qi Cha Cha app, Shanghai Times Beauty Cosmetics Co., Ltd. was recently established, with Shitenghua as the legal representative. Its business scope includes retailing cosmetics, wholesaling cosmetics, wholesaling daily necessities, selling daily necessities, wholesaling stationery, etc. According to the equity penetration displayed on Qi Cha Cha, the company is wholly owned by Shang Mei shares.