Group 1: Company Overview and Market Potential - The hair care market in China has grown from RMB 43.23 billion in 2020 to RMB 57.09 billion in 2023, with a compound annual growth rate (CAGR) of 9.7%. It is projected to reach RMB 81.25 billion by 2028, with a CAGR of 7.3% from 2023 to 2028 [5]. - Si Yu Industrial has established itself as a leading enterprise in the hair care sector, focusing on scalp and hair health, with over 2,503 stores, including 176 direct-operated and 2,327 franchised stores, and a membership base exceeding 2 million [4]. Group 2: Synergies from Acquisition - The acquisition of Si Yu Industrial by Kid Wang is expected to enhance the company's innovative attributes, leveraging member synergies due to the high correlation between their customer bases, particularly among parents and elderly caregivers [6]. - Kid Wang operates over 500 large stores, which can host Si Yu hair care outlets, enriching service offerings and expanding market reach, especially in lower-tier markets [7]. Group 3: Operational Integration and Future Plans - Post-acquisition, Kid Wang will gain control of Si Yu Industrial, utilizing its extensive industry experience to integrate resources across channels, teams, and digital platforms, ensuring effective management and strategic planning [8]. - Si Yu Industrial aims to enhance its market presence, particularly in East and North China, and lower-tier markets, while optimizing store operations and leveraging Kid Wang's digital capabilities for member engagement and product sales growth [9].