XIAOCAIYUAN (00999) announced that on January 13, 2026 (after trading hours), Xiaocaiyuan Catering (a wholly-owned subsidiary of the Company), Mr. Deng Gaoke, and Mr. Tian Chunyong entered into a cooperation agreement. The agreement stipulates, among other things, that the contracting parties agree to jointly contribute capital to establish a joint venture company to conduct businesses including, but not limited to, an online mall and "community ready-to-eat stores." Upon completion of this transaction, the joint venture will become a non-wholly-owned subsidiary of the Company. According to the cooperation agreement, the initial registered capital of the joint venture company is RMB 20 million. Xiaocaiyuan Catering will contribute RMB 14 million in cash, representing 70% of the joint venture's registered capital; Mr. Deng Gaoke will contribute RMB 5 million in cash, representing 25%; and Mr. Tian Chunyong will contribute RMB 1 million in cash, representing 5%. The joint venture's business will primarily comprise four main segments: (1) Omni-channel e-commerce + local lifestyle services; (2) Supply chain business; (3) Quality lifestyle stations (small stores); and (4) Fourth-party distributor business. During its operations, the joint venture company should actively explore new business formats, new models, and new products. After the initial registered capital is used up, depending on the joint venture's operational status and capital requirements, if a decision is made by the joint venture's shareholders' meeting to provide continuous funding, each contracting party shall continue to increase capital contributions to the joint venture. The cumulative capital contribution (including the initial registered capital) by Xiaocaiyuan Catering shall not exceed RMB 85 million, Mr. Deng Gaoke's cumulative contribution shall be RMB 10 million, and Mr. Tian Chunyong's cumulative contribution shall be RMB 5 million. This transaction aims to achieve efficient resource allocation by integrating the advantages of the Group and the other contracting parties in technology, channels, talent, and other areas to create synergies and enhance the Group's overall operational efficiency. Concurrently, through the equity cooperation, market risks and operational risks will be shared, optimizing the Group's risk control capabilities. The joint venture will tap into the growth potential of high-quality supply chain resources to build a new-type food consumption platform integrating online malls, community retail, and instant catering. This initiative is designed to enhance brand value and market share, promote the realization of the Group's overall strategic objectives, and further strengthen the Group's market competitiveness.