Hangzhou Bigeye Technology Co., Ltd. agreed to acquire a 83.6065% stake in Biou (Zhejiang) Food Industry Co., Ltd. from Apple Flavor & Fragrance Group Co.,Ltd. (SHSE:603020) for CNY 64.5 million on March 7, 2023. Transaction is approved by Apple Flavor & Fragrance's board. For the period September 30, 2022, Biou (Zhejiang) had CNY 147.83 million of total assets and CNY 75.45 million of net assets.

Hangzhou Bigeye Technology Co., Ltd. completed the acquisition of 83.6065% stake in Biou (Zhejiang) Food Industry Co., Ltd. from Apple Flavor & Fragrance Group Co.,Ltd. (SHSE:603020) on March 10, 2023.