JIUMAOJIU (09922) Plans to Invest $43 Million Total in North American Chain Restaurant Big Way Group Inc.

JIUMAOJIU (09922) announced that on December 29, 2025, the company entered into a non-binding term sheet with the target company. The company intends to acquire shares in the target company, Big Way Group Inc., from certain existing shareholders for a total purchase price of $15 million; and to subscribe for shares in the target company for a total subscription price of $28 million. According to the definitive agreement, upon completion of the potential investment, the target company will have share classes with different voting rights and participation rights. It is expected that the company, through holding approximately 49.0% of the target company's Class A shares (each share carrying one vote and one participation right), will be entitled to approximately 10.8% of the voting rights and 49.0% of the participation rights in the target company. The target company is a North American chain restaurant operating under the "Big Way Hot Pot" brand, offering a self-service hot pot dining experience that focuses on various high-quality meats, seafood, fresh vegetables, and a variety of seasonings, with all ingredients cooked individually in a flavorful broth. As of the date of this announcement, Big Way Hot Pot operates a total of 21 restaurants in Greater Vancouver, Toronto, and California. As a Chinese餐饮 chain brand that has achieved effective localization in the North American market and entered an expansion phase, the target company possesses a solid development foundation and growth potential. Through this potential investment and prior investments, the Group is expected to support the further development of the target company in areas such as standardized replication of the chain brand, establishment of operational management systems, and organizational and talent development. Simultaneously, leveraging the business foundation established by the target company in the North American market, the Group can also form a more stable operational foothold in North America and generate positive synergistic effects within the Group's brand network, thereby bringing corresponding strategic value and economic returns to the Group.