Jiumaojiu (9922) Announces Discloseable Transaction for Further Stake in Big Way Group

Bulletin Express
02/27

Jiumaojiu International Holdings Limited (9922) entered into a set of agreements on February 26, 2026 (Vancouver time) / February 27, 2026 (Hong Kong time) to subscribe for and purchase additional preferred shares in Big Way Group Inc. (“Big Way Group”). The total transaction value is US$43.00 million, comprising US$28.00 million for newly issued shares and US$15.00 million for existing shares from certain selling shareholders.

Upon completion, Jiumaojiu International Holdings Limited holds around 49.0% of the Class A shares in Big Way Group, with approximately 10.8% of the voting rights and 49.0% of the participating rights. Another major shareholder, Mr. Xinzhong Yao, retains about 86.7% of the voting rights and 39.4% of the participating rights. Big Way Group will not become a subsidiary, and its financial results will not be consolidated into the listed entity’s accounts.

The transaction follows an earlier investment on July 18, 2025, when Jiumaojiu International Holdings Limited acquired a 10% stake in Big Way Group for US$4.00 million. Under Listing Rules aggregation, the new transaction and the prior investment together exceed 5% but remain below 25%, constituting a discloseable transaction subject to notification and announcement requirements.

Big Way Group operates a North American hot pot brand, featuring 21 restaurants across Greater Vancouver, Toronto, and California. The US$43.00 million consideration in this transaction has been settled through internal resources and bank loans of Jiumaojiu International Holdings Limited.

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