Jia Mei Packaging has completed a control transfer, with several executives from Dreame Technology founder Yu Hao's team entering the new board of directors. On the evening of July 24, Jia Mei Packaging announced it had completed an early re-election of its board. The new board consists of nine directors, among whom non-independent directors Jiang Ming, Li Fei, Wang Zehao, and Guo Wanghui have all held or currently hold key positions at Dreame Technology, with Jiang Ming appointed as chairman. Previously, Suzhou Zhuyue Hongzhi Technology Development Partnership had increased its shareholding to 45.01 percent through a partial tender offer, becoming the controlling shareholder, with Yu Hao as its actual controller. Jia Mei Packaging is primarily engaged in food and beverage packaging containers. Its performance in the first quarter of 2026 showed a significant recovery, with operating revenue up 42.31 percent year-on-year and net profit attributable to the parent company up 432.41 percent year-on-year.
Jiamei Food Packaging Chuzhou CoControl transfer and new board from Dreame Technology, plus strong Q1 earnings growth.
Dreame Technology executives enter Jia Mei Packaging board, indicating strategic expansion or control.