Maiquer Group establishes new subsidiary for market expansion in East China

Maiquer Group Co., Ltd. has completed the industrial and commercial registration of its new wholly-owned subsidiary, Ningbo Fresh Source Technology Co., Ltd., with a registered capital of RMB 1 million. The company holds 100% of the subsidiary's shares, funded entirely by its own capital. This investment is not a related-party transaction and does not constitute a major asset reorganization.

The establishment of Ningbo Fresh Source Technology Co., Ltd. aligns with Maiquer Group's strategic development plan, aiming to accelerate its layout in the core market of East China. Leveraging Ningbo's advantageous position as a transportation hub in the Yangtze River Delta, the subsidiary will serve as a strategic base for baked goods operations outside Xinjiang. This initiative is expected to extend Maiquer's reach to East and North China, shorten supply chain distances, introduce premium Xinjiang raw materials, and elevate national brand influence.

The subsidiary's business scope includes technology services, development, consulting, and promotion, as well as the wholesale and retail of fresh fruit. The company anticipates this investment will positively impact its long-term development and corporate profitability. Maiquer Group acknowledges potential risks related to industry environment and market changes but is committed to implementing robust governance and operational strategies to mitigate them.