[Temporary Announcement] Happy Sweet Potato: Announcement on Foreign Investment
Announcement number: 2026-029
Securities code: 872940 Securities abbreviation: Happy Sweet Potato Sponsoring broker: Changjiang Underwriting and Sponsor
Announcement of Xiamen Happy Sweet Potato Co., Ltd.’s foreign investment
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
1. Overview of foreign investment
(1) Basic situation
On December 30, 2025, the company’s 13th meeting of the third board of directors reviewed and approved the investment and establishment of a wholly-owned subsidiary, Xiamen Happy Sweet Potato Real Estate Co., Ltd. (hereinafter referred to as the real estate company), with an investment of RMB 3 million. On January 8, 2026, the company obtained the business license of Xiamen Happy Sweet Potato Real Estate Co., Ltd. after registration with the Xiamen Haicang District Market Supervision and Administration Bureau.
According to the needs of the company's business development, it is planned to increase the investment in the real estate company by RMB 2 million and increase the registered capital to RMB 5 million. Regarding changes in specific matters related to increasing the investment amount of the real estate company, the board of directors authorized the operating management to handle the changes.
(2) Whether it constitutes a major asset reorganization
This transaction does not constitute a major asset restructuring.
According to the "Guideline No. 1 on the Application of the M&A and Reorganization Business Rules of the National Equities Exchange and Quotations - Major Asset Restructuring", "the establishment of a new wholly-owned subsidiary or a holding subsidiary by a listed company, or the increase of capital in a wholly-owned subsidiary or a holding subsidiary, does not constitute a major asset reorganization." The real estate company is a wholly-owned subsidiary of the company, and this external investment does not constitute a major asset reorganization.
(3) Whether it constitutes a related transaction
This transaction does not constitute a related transaction.
(4) Review and voting status
On September 28, 2026, the third meeting of the company’s fourth board of directors reviewed and approved the
Announcement number: 2026-029
"Proposal to Increase the Investment Amount of Lefanshu Real Estate Co., Ltd.", with 5 votes in favor, 0 votes against, and 0 abstentions. According to relevant regulations such as the Articles of Association and the Foreign Investment Management System, this proposal does not need to be submitted to the shareholders' meeting for review.
(5) This foreign investment does not involve entering new fields
(6) Whether the investment target carries out or plans to carry out private equity investment activities
The investment target does not involve carrying out or planning to carry out private equity investment activities. Unless it has been registered as a private equity fund manager with the Asset Management Association of China, the company's main business will not be changed to private equity fund management business.
(7) It does not involve the investment and establishment of other enterprises with financial attributes.
This investment does not involve the establishment of small loan companies, financing guarantee companies, financial leasing companies, commercial factoring companies, pawn companies, Internet finance companies and other enterprises with financial attributes.
2. Investment target situation
(1) Basic information on investment targets
- Description of capital increase
According to the needs of the real estate company's business development, it is planned to increase the investment in the real estate company by RMB 2 million and increase the registered capital to RMB 5 million.
- Operational and financial conditions of the investment target
Date of establishment: January 8, 2026
Registered capital: RMB 3 million
Unified social credit code: 91350205MAK449CU5H
Business scope: Licensed projects: real estate development and operation. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects are subject to the approval documents or licenses of relevant departments) General projects; business management; non-residential real estate leasing; real estate consulting; housing leasing; property management; parking lot services; general cargo warehousing services (excluding hazardous chemicals, etc. that require license approval) Projects); engineering and technology research and experimental development; urban and rural city appearance management; information consulting services (excluding licensing information consulting services); market management services; marketing planning; technology promotion services; technology promotion and application services; technical services, technology development, technology consultation, technology exchange, technology transfer, technology promotion; electronic component manufacturing;
Announcement number: 2026-029
Manufacturing of power electronic components; sales of power electronic components; manufacturing of electronic components and electromechanical component equipment; sales of electronic components and electromechanical component equipment; research and development of mechanical equipment; research and development of new material technology; research and development of special electronic materials; daily life services for residents; urban greening management; urban park management; Municipal facilities management; environmental sanitation management (excluding environmental quality monitoring, pollution source inspection, and disposal services of urban domestic waste, construction waste, and kitchen waste); professional cleaning, cleaning, and disinfection services; building cleaning services; park management services; commercial complex management services; hotel management; conferences and Exhibition services (exhibitions abroad must be approved by relevant departments); unit logistics management services; real estate brokerage; housekeeping services; office services; catering management; labor services (excluding labor dispatch); etiquette services; consulting and planning services; take-out delivery services; software development; information technology consulting services; labor Intelligent basic resources and technology platform; data processing and storage support services; security system monitoring services; photovoltaic equipment and component sales; motor vehicle charging sales; centralized fast charging stations; charging control equipment rental; charging sales; electric vehicle charging infrastructure operation; solar power generation technical services. (Except for projects that require approval according to law, business activities can be carried out independently with a business license and in accordance with the law).
The production and operation of the real estate company are normal. As of June 30, 2026, the real estate company's total assets were 3,643,251.40 yuan, and its net assets were 2,904,693.16 yuan. Its operating income from January to June 2026 was 1,107,105.73 yuan, and its net profit was -95,306.84 yuan. The above financial data are unaudited.
(2) Investment method
The method of capital contribution for this external investment is √cash □assets □equity □other specific methods
This external investment is a cash contribution, and the source of funds is the company's own funds.
3. Main contents of foreign investment agreement
The company's increase in investment in real estate companies does not require the signing of relevant foreign investment agreements.
4. Purpose of external investment, existing risks and impact on the company
(1) The purpose of this foreign investment
This capital increase in the real estate company is based on the consideration of the real estate company's future development and will have a positive effect on the company's further development.
(2) Risks in this external investment
Announcement number: 2026-029
This capital increase is a decision made by the company based on its long-term development strategy and after careful evaluation, but there are still certain operating risks. The company will continue to improve its internal control and risk prevention mechanisms and actively prevent and respond to related risks.
(3) The impact of this external investment on the company’s operations and finances
This capital increase will further enhance the company's comprehensive strength and competitiveness and will not have an adverse impact on the company's operations and financial conditions.
5. Documents for reference
(1) "Resolution of the Third Meeting of the Fourth Board of Directors of Xiamen Happy Sweet Potato Co., Ltd."
Board of Directors of Xiamen Happy Sweet Potato Co., Ltd.
September 28, 2026