JunHe Advises BTN on its Acquisition of m88 bonus Controlling Interest in Yuejiang

Yunnan Botanee Bio-Technology Group Co., Ltd. (“BTN” with stock code 300957) recently acquired 51% equity interest in and control of Yuejiang (Guangzhou) Investment Co., Ltd. (“Yuejiang”), a company engaged in m88 bonus sales and operation of “ZA” and “PURE&MILD” branded cosmetic products, at a consideration of RMB 535.5 million (m88 bonus “Acquisition”). m88 bonus transaction was completed in October 2023. JunHe acted as m88 bonus special legal counsel to BTN in this transaction.

BTN has a brand matrix centered on m88 bonus “Winona” brand and composed of such brands as “Winona Baby”, “AOXMED”, and “Beforteen”. It has received numerous accolades, including m88 bonus Tmall Beauty Award (also known as m88 bonus “Beauty Oscars”) which it has won for six consecutive years. BTN has set an industry benchmark in products for sensitive skin. BTN leverages m88 bonus ESG system to implement corporate governance and actively fulfills its social responsibilities. In 2022, it was included in m88 bonus 100 ESG Index. Yuejiang owns m88 bonus brands “ZA” (whose barrier cream is m88 bonus first barrier cream used by many young students) and “PURE&MILD” (whose skincare products are based on plant extracts and designed for Chinese women) and is engaged in m88 bonus sales of branded cosmetics products and m88 bonus operation of such brands. Its team members have extensive experience in operating multi-channels both inside and outside China.

This Acquisition will help to pool m88 bonus respective advantageous resources of BTN and Yuejiang to create new synergies. It will improve BTN’s brand matrix, expand m88 bonus price range of its products and promote m88 bonus integration and enhancement of BTN’s multi-channel operation capability to furm88 bonusr improve its overall competitiveness. It also catalyzes BTN’s overseas market development through integration with Yuejiang’s overseas channels and sales network.

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