Yunshuo Technology has established capital consanguinity with you and our industry and reached strategic cooperation.

On January 17, Shenzhen Jinjia Group Co., Ltd. issued a notice: Yunnan Yunshuo Technology Co., Ltd., a shareholding company of the group, signed a Memorandum of Strategic Cooperation Agreement with Shenzhen you and me Industrial Co., Ltd. Agree on the direction and specific contents of strategic cooperation between the two sides; Hu Xin and Wang Tao, shareholders of Yunshuo Technology, signed the "Equity transfer Agreement of Yunnan Yunshuo Science and Technology Co., Ltd.". Hu Xin and Wang Tao collectively transferred their 8% stake in Yunshuo Technology to you and me.

The signing of the Memorandum of Strategic Cooperation Agreement is mainly for the effective use of both sides' industry background and related advantageous resources to achieve common business development. The two sides will focus on the innovative needs of industrial development, give full play to their technological strength, innovation capabilities and marketing advantages in the field of new tobacco, and carry out strategic cooperation in the light of the bottlenecks encountered in the development of the new tobacco industry. work together to create unique, innovative and technologically leading products to achieve mutual complementarity and win-win cooperation.

According to the strategic agreement, the two sides will focus on the research and development of key technologies and products of new tobacco and carry out in-depth cooperation in the direction of new tobacco and electronic cigarette oil. The details of the agreement include:

Focusing on the optimization and upgrading of existing products or the research and development of new products, including but not limited to the patent formation of joint research and development products, technical research, formula adjustment, the provision of special customized production of plant extract essence, etc., Yunshuo Technology provides an overall product flavor solution to meet the needs of our industry.

According to the key problems encountered in the development of our industry, Yunshuo Science and Technology is responsible for organizing scientific research and technical teams to carry out targeted development and joint research: solving key technologies, product upgrading and core fragrance technology applications; the two sides cooperate in joint standard development, product joint development, project cooperation declaration, atomization health research, intellectual property protection and so on.

You and I support Yunshuo Technology to undertake the R & D and supply business of electronic smoke oil needed by its affiliated companies. You and I intend to support the rapid development of Yunshuo technology, and intend to provide industry resources, prepaid smoke payment support, international standards certification compliance development, high-quality project investment and other related strategic investment capacity.

Yunshuo Technology is a professional enterprise specializing in providing technology-leading overall solutions for the application of flavors and fragrances for customers in the field of traditional cigarettes and new-type tobacco. at the same time, it is also a high-tech enterprise of Jinjia Group Co., Ltd. to expand the high-value technology and materials in the field of tobacco flavor and electronic cigarette oil. The company has built five professional laboratories, including natural plant extraction, biological flavoring, atomization integrated development, whole tobacco design and target innovation, and currently has an annual output of 2500 tons of tobacco, flavor and food-grade production workshop; existing customers include more than ten Chinese tobacco enterprises, such as Yunnan Zhongyan, Shanghai New Tobacco products Research Institute Co., Ltd., as well as Foogo, Suorin and other well-known brand e-cigarette enterprises.

You and I are wholly owned subsidiaries of our science and technology. It is an important foreign investment platform for you and my group. You and I Network Technology Co., Ltd. is an innovative group company with health as its mission, focusing on the exploration of the new tobacco era. Relying on scientific and technological innovation, committed to improving the health of smokers Launched the multi-brand strategy, constructed from traditional cigarette purification equipment to intelligent e-cigarette product system and complete e-cigarette product system. It has more than 200 core patented technologies in more than 30 countries and regions around the world, including Suorin, idols, YouMe, VAPEJOY, Flemd and other brands. Product types include e-cigarettes, heating and non-combustible equipment, etc. The product line is sold to more than 90 countries and regions, such as the United States, Britain, Russia, South Korea, Japan, Indonesia and so on.

The strategic cooperation and equity transfer reached between Yunshuo Technology and you and me will help to realize the combination and penetration of high-quality resources in the new tobacco industry chain, give full play to synergy and promote innovation, and build the core competitiveness of both sides in the future global new tobacco market. Through this strategic cooperation, the industry background and relevant advantageous resources of shareholders of all parties to the transaction will be effectively utilized to achieve common business development. Yunshuo Technology is expected to achieve the continuous development of new tobacco flavors and spices, e-cigarette oil and other products and a substantial increase in market share, while you and I are expected to enhance its brand value and market share, so as to achieve mutual complementarity and win-win cooperation.