Shanghai Bolex Food Technology Co., Ltd. (SHSE:603170) intends to additional acquire 5% stake in Hangzhou Kitchen Afen Technology Co., Ltd. from Jiang Zhang for CNY 12.75 million on September 19, 2022. Shanghai Bolex Food Technology Co., Ltd. (SHSE:603170) agreed to acquire additional acquire 5% stake in Hangzhou Kitchen Afen Technology Co., Ltd. from Jiang Zhang for CNY 12.75 million on October 10, 2022. In a related transaction, Shanghai Bolex Food Technology Co., Ltd. intends to additional acquire 20% stake in Hangzhou Kitchen Afen Technology Co., Ltd. from Wang Miaomiao.

The board of Shanghai Bolex Food Technology has reviewed and approved the deal in 11th meeting of the first board of directors held on on September 19, 2022.