Love Baby Room: intends to acquire 30% equity of Hubei Yongyi for 19 million yuan.

Notice from the Love Baby Room: The company plans to use 19 million yuan of its own funds to purchase Mr. Shi Qiong's 30% stake in Hubei Yongyi Nursing Products Co., Ltd. After the transaction is completed, Love Baby Room will hold 30% of Hubei Yongyi's equity. This transaction constitutes a related party transaction but does not constitute a major asset restructuring. The transaction has been approved by a special meeting of the company's independent directors and the 12th meeting of the fifth board of directors, but has not reached the shareholder meeting approval standard. Hubei Yongyi was established in February 2015 with a registered capital of 50 million yuan, mainly engaged in a series of products such as baby/adult diapers, sanitary napkins, etc.