JBB BUILDERS (01903) announced that the Company, acting as the buyer, is currently in negotiations with Xiamen Jianfu Chain Management Co., Ltd., the seller, regarding the potential acquisition of a 100% equity interest in Chengdu Jianfu Convenience Store Management Co., Ltd., the target company. The seller is a limited liability company established under Chinese law, with its principal business involving the management and operation of convenience stores within China. Following reasonable enquiries made by the Directors, it is understood and believed that Ms. Yu Xingjun and Mr. Zhang Li, who are married, together with their son, Mr. Zhang Boyu, collectively hold a 55.36% equity interest in the seller through the following means: (i) their direct holdings of 31.04%, 13.02%, and 0.96% respectively; and (ii) Mr. Zhang Li's indirect holdings of 6.18% and 4.16% respectively, held through two companies under his control, namely Xiamen Jianfu Investment Partnership (Limited Partnership) and Xiamen Dafudaji E-commerce Co., Ltd. The target company is a limited liability company incorporated under Chinese law, primarily engaged in retail business and the operation of convenience stores in Sichuan, China. The target company has established a business system integrating "brand + operations + supply chain" through the operation of directly-owned stores, franchise operations, and supply chain wholesale activities. The target company operates 65 directly-owned stores and 30 franchise stores, with its outlets covering a wide range of product categories, including general merchandise, fresh fruits and vegetables, pre-packaged foods, health foods, and medical devices, comprehensively meeting the daily needs of consumers.