Longshengtai recently announced that the company's holding subsidiary Orange He (Beijing) Information Technology Co., LTD. (hereinafter referred to as "Orange He") intends to invest in Hong Kong to establish Hong Kong Orange He Health Technology Co., LTD. (the name of the company shall be subject to the name approved by the registration authority), with the registered capital of120Ten thousand dollars, with Orange and Orange contributing120Ten thousand dollars of registered capital100%.

Ring view:Longshengtai is committed to the brand operation and sales of medium and high-end imported baby and adult daily chemical products and food. This foreign investment can better implement the company's overall strategic planning, improve the company's comprehensive strength and enhance the company's ability of sustainable development. Moreover, it is conducive to the company's future market development and expansion of the company's business scale, so as to promote the realization of the company's core development strategy.

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