Jiamei Packaging announced on the evening of July 24 that it had completed an early board reshuffle. Several senior executives from Dreame Technology, founded by Yu Hao, have joined the new board, officially transferring control of the company to the Dreame faction. The new board consists of nine directors. Jiang Ming, a director and CFO of Dreame Technology, was elected chairman and legal representative, while former chairman Chen Min was appointed honorary director and general manager. The company also disclosed its semi-annual earnings forecast for 2026, expecting net profit attributable to the parent company of between 70 million and 91 million yuan, a year-on-year increase of 254.58 percent to 360.96 percent, mainly benefiting from a strong year for the beverage industry and a significant reduction in financial expenses after the conversion of convertible bonds. Jiamei Packaging stressed that after the change in actual controller, its main business will remain food and beverage packaging containers, and Yu Hao and his affiliates have committed not to inject assets within 36 months of gaining control.
Jiamei Food Packaging Chuzhou CoControl transfer to Dreame faction and strong earnings forecast (254-361% net profit increase) due to beverage industry strength and reduced financial expenses.