Kaikai Industrial's wholly-owned subsidiary Leixi Company plans to use its own funds to acquire a 60% equity stake in its controlled subsidiary Leixi Jingyi, with a preliminary estimated price of approximately 47.39 million yuan. The final price will be determined based on the official appraisal value after filing with the state-owned assets authority. Upon completion of the transaction, Leixi Company's equity stake in Leixi Jingyi will increase from 40% to 100%, with no change to the scope of consolidated financial statements. Leixi Jingyi achieved operating revenue of 590 million yuan and net profit of 23.08 million yuan in 2025, becoming the core business of the company's 'Big Health' transformation. In the first quarter of 2026, Kaikai Industrial recorded revenue of 269 million yuan and net profit attributable to the parent company of 18.05 million yuan.
Shanghai Kai Kai Industry Co Ltd ASubsidiary acquiring remaining 60% stake in Leixi Jingyi for ~47.39M yuan, consolidating ownership of a profitable core business.
Shanghai Kai Kai Industry Co Ltd BSame transaction benefits B shares as it consolidates ownership of a profitable core business.