About TINGYI Company

Master Kong Holdings Limited (the “Company”) and its subsidiaries (the “Group”) are mainly engaged in the production and sale of instant noodles and drinks in China. The Group began producing instant noodles in 1992, and expanded its business to convenience foods and drinks since 1996; in March 2012, the Group further expanded the scope of the beverage business, completed a strategic alliance with PepsiCo's beverage business in China, and began to be exclusively responsible for manufacturing, filling, packaging, sales and distribution of PepsiCo's non-alcoholic beverages in China. As a well-known brand in China, “Master Kong” is loved and supported by Chinese consumers after years of hard work and accumulation. As a leading brand in the FMCG industry, Master Kong has the mission of leading the industry in food safety and quality assurance. The Group continuously constructs and improves management systems, establishes risk prevention and management mechanisms, implements comprehensive control of food safety, ensures product quality and safety, and provides safe, tasty and healthy food to consumers. The Group continues to improve its sales network all over the country, so that new products can enter the market more quickly and effectively, and the Group's products are in a leading position in the industry. As of December 31, 2023, the Group had a total of 348 sales offices and 303 warehouses to serve 76,875 dealers and 217,087 direct-run retailers. The Company was listed on the Stock Exchange of Hong Kong Limited in February 1996. As of December 31, 2023, the Company's market capitalization reached HK$53.6 billion. Currently, the Company is a constituent stock of the Morgan Stanley Capital International (MSCI) China Index and a constituent stock of the Hang Seng Index. Going forward, the Group will continue to focus its development on the food manufacturing, marketing and distribution industry, and will continue to strengthen its channel and sales system network with the goal of establishing “the world's largest Chinese convenience food and drink group”.