蜜雪集团投资鲜啤福鹿家，独立分析师称未超出公允价格

Group 1 - The core point of the news is that Mixue Group has signed an investment agreement to increase its stake in Fresh Beer Fulu Family by investing 285.6 million yuan, acquiring a total of 53% equity in the company, which will become a non-wholly-owned subsidiary of Mixue Group [1] - The investment and equity transfer will result in a post-transaction valuation of Fresh Beer Fulu Family at 560 million yuan, compared to a pre-transaction valuation of 274.4 million yuan, which is within the independent appraiser's valuation range of 244.7 million yuan to 276.6 million yuan [1] - Fresh Beer Fulu Family, established in 2021, operates approximately 1,200 stores as of August 31, 2025, providing fresh beer products to consumers [1] Group 2 - The reason for the acquisition is to expand Mixue Group's product offerings from fruit drinks, tea, ice cream, and coffee to include freshly brewed beer, thereby achieving broader product category coverage [2]