Core Viewpoint - The 31st Shenzhen Spring Tea Expo will take place from June 27 to June 30, featuring a wide array of tea products and the 5th World Green Tea Conference, aimed at promoting tea culture and industry collaboration [1][19]. Group 1: Event Highlights - The expo will showcase a variety of teas from across China, including famous tea-producing regions, and will feature nearly a thousand exhibitors presenting their flagship products [5][4]. - The event will include over 50 activities such as forums, competitions, and tea ceremonies, highlighting the importance of tea culture and industry development [17][19]. Group 2: Exhibitor Information - Government delegations from regions like Huangshan, Guizhou, and others will participate, promoting local tea products and fostering connections with health-conscious consumers [4][7]. - Notable exhibitors include brands specializing in various types of tea such as Pu-erh, black tea, green tea, and more, with a focus on quality and unique offerings [5][7]. Group 3: Special Events and Forums - The main forum of the 5th World Green Tea Conference will focus on the theme "Channel Weaving, Tea Nourishing the World," discussing the green tea industry's upgrade paths and global market trends [19]. - A significant event will be the first TCM Tea Therapy and Health Promotion Industry Development Conference, emphasizing the integration of traditional Chinese medicine with tea culture [25]. Group 4: Visitor Information - The expo will be held at the Shenzhen Convention and Exhibition Center, with specific visiting hours and guidelines for attendees to ensure a smooth experience [39][38]. - Attendees are encouraged to pre-register for tickets and plan their visits to avoid peak congestion, ensuring they can fully explore the extensive exhibition space [39].

Core Viewpoint - The company has engaged in a product exchange agreement to enhance its competitive position in a slow-recovering consumer market, aiming to meet diverse consumer demands and resolve existing inventory issues [2]. Group 1 - On December 5, 2024, Guangzhou Kangrui signed a memorandum with a customer from Foshan and a Guangzhou trader to exchange 35 tons of new tea for at least 70-87.5 tons of old tea, leveraging their inventory advantages [1]. - On January 4, 2025, the Foshan customer took possession of the 35 tons of new tea, resulting in a corresponding inventory loss for Guangzhou Kangrui [1]. - The board approved the cooperation model outlined in the memorandum, allowing business departments to proceed with the collaboration [2]. Group 2 - On May 24, 2025, Guangzhou Kangrui signed a product exchange contract with the Guangzhou trader, agreeing to exchange a total of 35 tons of new tea for 160 tons of old tea, which has been completed as of the announcement date [2]. - The company appointed Yunnan Tea Evaluation and Testing Traceability Center to conduct sampling tests on the 160 tons of old tea, confirming compliance with relevant standards and providing a market evaluation reference price [2]. - The board believes that the product exchange contract will enhance the company's competitiveness in the current market and benefit the overall interests of the company and its shareholders [2].