Jinke Smart Services Group Co., Ltd. (SEHK:9666) entered into an agreement to acquire 3.18660% stake in Shanghai Hotspot Catering Service Co., Ltd. from Ningbo Anchi Chuangsheng Investment Management Partnership on July 27, 2023. In related transactions, Jinke Smart Services Group Co., Ltd. (SEHK:9666) will acquire 22.8% stake in Shanghai Hotspot Catering Service Co., Ltd. The total consideration for these transactions is RMB 114.79 million. The transaction is subject to due diligence investigation.

For the year ended December 2022, Revenue was RMB 390.27 million, Gross Profit was RMB 123 million, Net loss was RMB 18.09 million, Total assets were RMB 171 million and Net assets were RMB 61.19 million.