Jin Mi Fang (8300) Announces 52% Stake Acquisition in Guizhou Yijinze Wine

Bulletin Express2025-10-28

Jin Mi Fang Group Holdings Limited (Stock Code: 8300) announced the acquisition of a 52% equity interest in Guizhou Yijinze Wine Co., Ltd. (the “Target Company”). According to the announcement, the Target Company was established in 2025 in Zunyi, Guizhou Province, with a business scope covering wine operations and production.

Prior to completion, the Target Company was held 70%, 24%, and 6% by three individuals. Under the agreement, Jin Mi Fang acquired an aggregate 52% stake for a nominal consideration of RMB1 per vendor. After completion, the Target Company will be owned as to 52% by Jin Mi Fang, 33.6% by one individual, and 14.4% by another individual. As a result, the Target Company will become a non-wholly owned subsidiary of Jin Mi Fang, with its financial results consolidated into the group’s financial statements.

The announcement outlined how this move aligns with Jin Mi Fang’s strategic focus in the supply of wine business in the PRC, including potential advantages in implementing systems and brand management, tailoring product offerings, and strengthening production and distribution. The acquisition does not constitute a notifiable or connected transaction under the GEM Listing Rules, given the relevant percentage ratios are below the applicable threshold.

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