Major development! HUITONGDA NET (09878) and Snack Select have reached a comprehensive and in-depth strategic cooperation agreement.

On February 28, HUITONGDA NET (09878) reached a strategic cooperation agreement with one of the top snack chain brands in China - Hunan Snack Selection. Both parties will establish a joint venture company as the sole operating entity for the "Snack Selection" brand chain, in order to integrate the high-quality resources of both parties, accelerate the layout of snack and discount chain markets, and develop it into a leading retail chain brand. 1. Integration of supply chain, channels, and digitization to create a leading retail chain brand HUITONGDA NET, as a leading industrial internet platform in China, has deep expertise in supply chain, channel networks, AI and digital capabilities. Snack Selection, founded in Hunan, now covers more than 10 core provinces in China with over 2800 stores, cooperating with over 1000 high-quality upstream manufacturers and offering over 4000 SKUs. (Xu Xiuxian, Secretary of the HUITONGDA NET Party Committee and President, addressed) In this cooperation, Snack Selection will continue to independently operate in a regional manner and deepen its presence in the discount snack retail sector, while HUITONGDA NET will provide empowerment in platformization, ecosystemization, capitalization, and AI capabilities. Through resource complementarity and channel sharing, the two parties will enhance the market competitiveness of Snack Selection's "discount + full category + franchise expansion" model, accelerate its development towards scale, branding, and professionalism, and establish it as a leading retail chain brand in China. In the future, HUITONGDA NET is expected to further integrate Snack Selection. 2. Enhancing retail chain presence, HUITONGDA NET deepens "strategic upgrade" and accelerates "value release" Retail chain is one of the key strategic layouts in the new phase of HUITONGDA NET's development, and has been growing rapidly since last year. The deep strategic synergy with Snack Selection further enriches HUITONGDA NET's retail chain ecosystem and overall competitiveness in the urban and rural markets. In terms of channel networks, the existing 2800+ stores of Snack Selection have a strong presence in the central-south, southwest, and south China regions, and will establish efficient synergy with HUITONGDA NET's national member stores to enhance overall market coverage from both depth and breadth. (Li Chao, Founder and General Manager of Snack Selection, addressed) In terms of supply chain, HUITONGDA NET's member stores are expected to gain access to Snack Selection's high-quality discount products, driving the upgrading of member store product structure and customer traffic, forming a standardized replication model of "fast-moving consumer goods upgrading + small store large chain", thereby enhancing the stickiness and profitability of HUITONGDA NET and member stores. In terms of AI and digitalization, HUITONGDA NET has completed the commercialization of AI in retail chain scenarios around its self-developed "Qianchengyun AI Big Model" and related AI Agent, enabling the rapid deployment of HUITONGDA NET's AI tools and systems to Snack Selection's 2800+ stores, achieving comprehensive data, decision-making, and operation integration, building an industry benchmark for end-to-end intelligent operations from product selection, warehousing and distribution, to store operations and community operations. This strategic cooperation will accelerate the implementation of HUITONGDA NET's retail chain strategy, speed up the release of platform value in the upstream and downstream industries, and quickly place itself in the industry's leading ranks.