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 beverages in China. The Group began producing instant noodles in 1992 and expanded its business to convenience foods and beverages in 1996; in March 2012, the Group further expanded the scope of the beverage business, completed a strategic alliance with Pepsi Co's beverage business in China, and began to exclusively manufacture, fill, package, sell and distribute non-alcoholic beverages of Pepsi Co 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 builds 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 has continuously improved its sales network across the country, enabling new products to enter the market more quickly and effectively, making the Group's products in a leading position in the industry. As of December 31, 2022, the Group had 337 offices and 322 warehouses serving 76,528 dealers and 254,975 direct-run retailers. The Company was listed on the Stock Exchange of Hong Kong Limited in February 1996. As of December 31, 2022, the company's market capitalization reached 10 billion US dollars. 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. In the future, 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”.