Huabao Group: intends to acquire up to 13% equity of Xiamen Amber Essence Co., Ltd. for a maximum of 54.6 million yuan.

Huabao Group announcement, based on the company's strategic planning development needs, agrees to purchase through block trading with its own funds a maximum of 13% of the shares held by minority shareholders of Xiamen Amber Aroma Co., Ltd., with a total transaction amount not exceeding 54.6 million yuan.