On December 29, Gelonghui announced that HANDS FORM HLDG (01920.HK) reported that the group's existing Business mainly engages in providing mud engineering and other mud-related supporting projects, as well as offering construction Technology services. The company has been working hard to improve the group's Operation and financial situation, actively seeking to introduce new Business to explore new revenue sources for the group, promote the future diversification of the group, and achieve the best interests of Shareholders. The Board of Directors hereby informs Shareholders and potential investors that the group intends to develop new Business outside of its existing operations, to provide high-quality beauty services, nutritional health products, and health services ("new Business"). In light of the pursuit of beauty by consumers in China and around the Global, the rising health awareness, and the changes in lifestyle, there are immense commercial opportunities emerging in the Industry related to beauty. Additionally, since the chairman of the Board of Directors, Zhou Zhenlin, has extensive experience in the skincare and beauty products and health management sectors, the Board believes that developing new Business will assist in achieving the diversification of the group's Business and revenue sources.
The development of new Business will focus on comprehensive CSI Leading Consumption and Services Index, satisfying the Consumer demand for beauty products and services, including: Cosmetics, beauty skincare products, nutritional health foods, lifestyle beauty, Medical Beauty, and health management, among others. The main operating model will involve the group establishing joint ventures and physical stores with local partners in first- and second-tier cities in China in the future, providing product sales, lifestyle beauty services, Medical Beauty consultation services, health management consultation services, and comprehensive shopping services to each joint venture and physical store, and offering overall Operation management and business guidance services, charging management and consultation service fees based on the annual revenue of each joint venture and physical store.
