China Resources Mixc Lifestyle Services Limited (Stock Code: 1209) released supplemental details regarding the proposed acquisitions of CR Networks SZ and China Net Data Technology GZ, as well as its 2025 Membership Operation and Marketing Business Framework Agreements. The consideration for both acquisitions, recognized as an integrated transaction, was determined with reference to the initial listing prices, the historical performances of CR Networks SZ and China Net Data Technology GZ, and the future outlook of their membership platform operations.

CR Networks SZ posted net losses after tax of RMB32.7 million for the year ended 31 December 2024, reflecting challenging market conditions; however, it had achieved net profits in the preceding three years. Historical investments in system research and development contributed to a net liability position as of 31 December 2024. China Net Data Technology GZ, by contrast, held net assets of RMB19.7 million for the same period. Both companies’ valuations, as determined on 31 August 2024 by an independent valuer, aligned with their initial aggregated listing prices of RMB223.7 million on the Shanghai Equity Exchange.

The acquisitions aim to enhance membership services under the Group’s 「2+1」 business model, creating deeper consumer engagement through expanded points redemption, discounts, and loyalty programs within multiple consumption scenarios. The CR Life Club platform, operated by CR Networks SZ and China Net Data Technology GZ, is expected to serve as a strategic asset in broadening the Group’s membership offerings.

Meanwhile, the 2025 Membership Operation and Marketing Business Framework Agreements govern continuing connected transactions involving membership-related services and marketing. The Group employs regular market comparisons, a pricing database, and multi-level contract review procedures to ensure that pricing and service terms remain consistent with standard market practices and match or exceed those offered by independent third parties.