Zhitong Financial APP News, Meijiayin Holdings (06939) announced that the Group intends to develop and expand its business through its indirect wholly-owned subsidiary Zhuhai Meijiayin Technology Co., Ltd. (Zhuhai Meijiayin) to include Internet sales, sales of office equipment, photocopying and printing equipment and packaging materials.
The company has learned that traditional sales channels are declining with the rise of e-commerce and online shopping, and believes that the development of Internet sales will enable the group to reach a wider customer base and keep abreast of market trends. In addition, the growing demand from customers to simplify supply chain management has prompted the Group to expand its product range so that customers can have greater purchasing flexibility according to their needs. Zhuhai Meijiayin is currently engaged in the research, design, development and sales of compatible printer consumables chips. The business scope of Zhuhai Meijiayin will be expanded to include Internet sales (except for goods that require permission), sales of office equipment, photocopying and printing equipment, packaging materials, paper products, molds, instruments, meters, batteries and battery spare parts, electronic products, computer software, hardware and auxiliary equipment, etc.
Expanding the business scope of Zhuhai Meijiayin will provide a good opportunity for the group to develop a comprehensive business structure and bring better returns to shareholders, the announcement said. Therefore, the Board believes that expanding the Group's new business is in the best interests of the company and its shareholders as a whole. After the expansion of the new business scope, the core business of the Group remains unchanged.