Apple Flavor & Fragrance Group (603020.SH) signs an intention agreement to acquire the equity of Noah Saint Nuo (Taicang) Biotechnology Co., Ltd.

Apple Flavor & Fragrance Group (603020.SH) announced that, in order to improve the company's strategic layout, promote the strengthening and extension of the industrial chain, and achieve high-quality development of the company, on February 4, 2026, the company signed an "Intention Agreement on Equity Acquisition of Noa Saint-Noe Europe (Taicang) Biotechnology Co., Ltd." with Noa Saint-Noe Europe. Apple Flavor & Fragrance Group intends to acquire 100% of the equity of Noa Saint-Noe (Taicang) Biotechnology Co., Ltd. (hereinafter referred to as the "target company"). In the first transaction, Apple Flavor & Fragrance Group will acquire 80% of the equity of the target company, and the second transaction will be initiated after the performance commitment period is completed, with Apple Flavor & Fragrance Group acquiring the remaining equity of the target company. The transaction price will be determined based on the company's due diligence, audit, evaluation results, and negotiations between the two parties. The target company was established in 2009, located in Taicang, Jiangsu Province. It is a company specializing in the research, production, and sales of Omega-3 raw materials (including fish oil and algae oil). Its main products currently include refined fish oil and concentrated fish oil. After many years of operation, the target company has accumulated rich industrial resources, with downstream customers including globally renowned health products, functional food and beverage, infant and toddler nutrition, and pet food customers.