JBB BUILDERS (01903) announced that on January 29, 2026, the company intends to acquire a 100% equity interest in Chengdu Jianfu Convenience Store Management Co., Ltd. from Xiamen Jianfu Chain Management Co., Ltd. for a total consideration of RMB 120 million. The target company operates a convenience store business in Sichuan Province, China, possessing an extensive network of upstream suppliers, including but not limited to food, beverage, and general merchandise, as well as downstream end customers. The target company also maintains its own administrative office in Chengdu and operates with a higher degree of independence and operational completeness compared to other subsidiaries of the seller. The target company oversees 65 directly operated stores and 30 franchised stores. The company believes the acquisition presents a relatively mature and suitable investment opportunity to venture into the convenience store business, while also leveraging the target's existing network, store locations, and supply chain resources to facilitate a smoother entry into this new sector. Consequently, the company can rely on the comprehensive, ongoing support provided by this established system and, upon completion, achieve diversification of the Group's revenue streams.