Wanglaoji's affiliated company increased its capital to 1 billion yuan, an increase of about 11%.

Tianyancha's business information shows that on November 17, Wang Laoji's affiliated company, Guangzhou Wang Laoji Health Industry Co., Ltd., had a business change, with the registered capital increasing from 900 million RMB to 1 billion RMB, an increase of approximately 11%. There was also a change in senior management. Guangzhou Wang Laoji Health Industry Co., Ltd. was established in February 2012, with Chen Kunnan as the legal representative. Its business scope includes retail of edible agricultural products, leasing of land use rights, and non-residential real estate leasing. Shareholder information shows that the company is wholly owned by Baiyunshan.