Core Viewpoint - Tianjin Yiyi Hygiene Products Co., Ltd. has announced the termination of its plan to acquire 100% equity of Hangzhou Gaoye Family Pet Food Co., Ltd. due to changes in the target company's sales model and investment plans, which led to a failure to reach agreement on key commercial terms [1][2] Group 1: Termination of Acquisition - The termination was caused by adjustments in the sales model for cat litter during the Double Eleven shopping festival and the preliminary investment in new cat food products scheduled for the second half of 2025, which altered the target company's expected operational situation [1] - The company emphasized that the termination of the acquisition will not adversely affect its production, operations, or financial status [1] Group 2: Strategic Direction - The company will continue to pursue its dual-circulation strategy of "overseas + domestic" and "ODM/OEM + own brand" despite the termination of the acquisition [1][2] - The company plans to maintain its focus on its core business of disposable hygiene products and non-woven fabrics, particularly in the pet hygiene care sector, with a product matrix that includes pet pads, pet diapers, pet cleaning bags, and pet wet wipes [2] Group 3: Future Development - The company aims to strengthen its advantages in customer resources, large-scale production, product R&D, quality management, and expand its market share while actively developing new international markets [2] - The company is exploring strategic investments in the pet sector, including pet healthcare and smart pet products, and is open to merger and acquisition opportunities within the pet supplies industry [3]
依依股份董事长高福忠：持续关注宠物用品行业并购整合机会