Is Huiyuan Juice owned by Hongsheng?

Yes Huiyuan juice is a product of Beijing member beverage and food group. Beijing Huiyuan Beverage & Food Group Co., Ltd. was established in 1992, which is a large-scale modern enterprise group focusing on fruit and vegetable juice and fruit and vegetable juice drinks. On August 26th, 2022, Zhu Xinli-controlled Hongsheng Beverage Group Co., Ltd. and Shanghai Wensheng Asset Management Co., Ltd. signed the Restructuring Framework Agreement. After the reorganization, Wensheng Assets will acquire 60% equity of Huiyuan Juice and become its controlling shareholder. The shares held by the Zhu Xinli family will be diluted to less than 30%. So Huiyuan Juice belongs to Hongsheng.