Core Viewpoint - The strategic partnership between Snack Preferred and Hong Kong-listed company Huitongda Network aims to establish a joint venture for the exclusive operation of the Snack Preferred brand, focusing on the rapidly growing snack retail and hard discount market [1] Group 1: Partnership Details - Snack Preferred and Huitongda Network will form a joint venture to integrate their resources and accelerate market expansion [1] - The joint venture will be operated regionally by Snack Preferred, continuing its focus on the hard discount snack sector [1] Group 2: Operational Synergies - Huitongda will leverage its nationwide channel network to enhance market coverage in collaboration with Snack Preferred's existing network of over 2,800 stores across more than 10 key provinces [1] - Huitongda's network of over 250,000 member stores is expected to access Snack Preferred's efficient hard discount product offerings, facilitating standardized replication of "fast-moving consumer goods upgrade + small store big chain" [1] Group 3: Technological Integration - The joint venture will utilize Huitongda's self-developed "Qiancheng Cloud AI" industry-specific model and related AI applications to deploy advanced digital tools rapidly [1] - Huitongda has successfully commercialized AI in retail chain scenarios, which will support the digital transformation of Snack Preferred's 2,800 stores across the entire supply chain, from intelligent product selection to logistics and store operations [1]

Group 1 - Strategic partnership established between Huitongda Network and Hunan Snack Youxuan to create a joint venture for the "Snack Youxuan" brand chain [1] - Huitongda, as a leading industrial internet platform, has deep capabilities in supply chain, channel network, AI, and digitalization [3] - Snack Youxuan operates over 2,800 stores across more than 10 core provinces in China, collaborating with over 1,000 quality upstream manufacturers and offering more than 4,000 SKUs [3] Group 2 - Snack Youxuan will operate regionally and focus on the hard discount snack market, while Huitongda will provide support in platformization, ecological development, capital, and AI [6] - The partnership aims to enhance the market competitiveness of Snack Youxuan's "hard discount + full category + franchise expansion" model, accelerating its development towards scale, branding, and specialization [6] - Huitongda's retail chain strategy is rapidly evolving, with this collaboration enriching its retail ecosystem and competitive strength in urban and rural markets [7] Group 3 - Existing 2,800 stores of Snack Youxuan will collaborate efficiently with Huitongda's nationwide member stores to improve overall market coverage [7] - Huitongda's member stores are expected to access Snack Youxuan's quality hard discount products, enhancing product structure and customer traffic [10] - Huitongda has implemented its self-developed "Qiancheng Cloud AI Model" in retail scenarios, enabling rapid deployment of AI tools across Snack Youxuan's stores for comprehensive data and operational integration [10]