Quanshi International (00381) and Hainan chain merchants establish a comprehensive, deep and stable strategic partnership based on their respective advantages

Zhitong Finance App News, Quanshi International (00381) announced that on July 27, 2026, Qiaoxiong (Fujian) Investment Co., Ltd. (Qiaoxiong Fujian) (a wholly-owned subsidiary of the Company) and Hainan Chainshang Digital Industry Development Co., Ltd. (Hainan Chainshang) will establish a comprehensive, deep and stable strategic partnership based on their respective advantages, focusing on the construction of the “Boao Global Digital Economy Conference Operation+Chinese Enterprises Digital Overseas Marketing+Samoa Cross-border Listing” (Cooperation Matters).

According to the cooperation agreement, Qiaoxiong Fujian Division and Hainan Chainshang used Yuanmingtang (Guangzhou) Digital Technology Co., Ltd. (Yuanmingtang), a wholly-owned subsidiary of Hainan Chainshang, as the sole long-term joint venture carrier to complete equity restructuring, capital investment and business authorization, and build a “Boao Global Digital Economy Conference Operation+Chinese Enterprises Digital Overseas and Samoa Cross-border Listing”. The agreement is valid for three years. After completing the industrial and commercial changes and payment of funds, Qiaoxiong Fujian became the controlling shareholder of Yuanmingtang and the co-host of the 2026 Boao Global Digital Economy Conference.

The board of directors believes that the cooperation agreement reached with the Hainan chain merchants fully complies with the Group's consistent diversified strategic layout and long-term development goals of “strengthening core business and increasing shareholder value”.

As a professional enterprise digital solution provider, Hainan Chainshang has deep technical accumulation and practical experience in the fields of blockchain, big data and digital industry innovation. Through this cooperation, the Group can directly introduce cutting-edge digital technology and solutions from Hainan chain merchants to optimize the operation process of existing business lines (including toy and gift trade, production of Chinese herbal medicine products, sales of old Fujian wine, etc.). Comprehensively enhance the Group's operational efficiency, supply chain management efficiency and business innovation capabilities.

Hainan chain merchants are based on the Hainan Free Trade Port, a national-level strategic open highland, and enjoy unique policy advantages and industrial agglomeration effects. This cooperation will be a key springboard for the Group to enter the digital economy and chain business industry in mainland China. It helps the Group to quickly integrate into the digital industry ecosystem, open up new revenue sources and broaden the profit base.

The Group will make full use of its advantages as a capital platform, international operation experience and mature cross-border trade network as a Hong Kong listed company. Combines the core technology of Hainan chain merchants in digitally empowering physical enterprises. The two sides will jointly create a strong joint model of “capital+technology+industry” to achieve efficient allocation of resources.

After carefully evaluating the huge market prospects of the digital transformation of China's real economy, the board of directors believes that the digital economy sector has extremely high potential for growth. This cooperation helps to diversify the Group's operating risks and further optimize asset allocation and business structure. It is expected to bring long-term and stable capital appreciation to the Group, thereby creating a better return on investment for all shareholders.