Pu'er Lancang Ancient Tea Co. Ltd. has announced progress regarding an inventory shortfall at one of its subsidiaries. The company, along with its subsidiaries, is working through a Product Exchange Agreement to address the shortfall, as highlighted in a recent supplemental announcement. The Testing and Traceability Center, a credible third-party tea quality assessment organization in Yunnan Province, is involved in verifying the quality of the exchanged products. This process includes organoleptic assessments and value assessments to ensure quality compliance and market reference pricing. The company is actively managing the situation under the leadership of Ms. Du Chunyi, the chairlady and executive director.
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