BEAUTYFARM MED (02373) announced that it has been further notified by CITIC Industry Investment Fund Management Co., Ltd. (CPE) that CPE completed the share disposal described in the announcement on August 18, 2025. As of August 18, 2025, CPE has sold the majority of its shareholding in the Company through a series of transactions, and CPE is no longer a major shareholder of the Company.
CPE's exit provides crucial assistance in restructuring the Company's shareholding structure and releases multiple positive effects: First, the smooth exit of the private equity fund shareholder significantly enhances the stability of the equity structure; Second, the introduction of quality long-term investors with diverse backgrounds further improves the Company's corporate governance system and effectively boosts capital market confidence in the Company's long-term value; Third, optimization of the equity structure increases the proportion of tradable shares and enhances market liquidity.
The Company has secured investment from quality long-term funds both domestically and internationally. The addition of new shareholders not only brings rich industrial resource synergy and international perspective, but also injects new momentum for the Company's business expansion and capital market value enhancement through the infusion of strategic experience and resource networks.
As an early investor, CPE provided important strategic guidance during the Group's development journey and helped the Group successfully access the capital market. The Company hereby extends sincere gratitude to CPE.
As CPE is no longer a major shareholder of the Company, Mr. Hu Tenghe (Mr. Hu) and Mr. Geng Jiaqi (Mr. Geng) have decided to resign from their positions as non-executive directors and submitted their resignations on August 18, 2025, effective on the same date.
The Board is pleased to announce that following the resignations of Mr. Hu and Mr. Geng, the Board has appointed Mr. Gao Jianming (Mr. Gao) and Ms. Yi Lin (Ms. Yi) as non-executive directors, effective from August 18, 2025.
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