Company Overview - Jiujiuwang Food International Co., Ltd. was established in 1999 in China and is a manufacturer of confectionery products, including gelatin-based candies, tablet candies, puffed candies, and hard candies [2] - The company sources raw materials from suppliers and produces and packages confectionery products in its internal facilities, selling products under its own brands (Kusha, Lalab, and Jiujiuwang) through e-commerce channels and to distributors in China and overseas [2] - As of August 31, 2020, the company had 129 distributors, covering a wide sales network across one municipality, two autonomous regions, and 21 provinces in China [2] Production Capacity - The company operates a factory in Jinjiang, Fujian Province, with an area of approximately 117,589 square meters and 32 production lines, with an annual production capacity of about 15,045.4 tons [3] - The company emphasizes direct control over product quality, production costs, and production schedules through its own manufacturing facilities [3] - The company has over 20 years of experience in producing high-quality confectionery products and continuously develops new products and modifies existing ones to meet changing consumer preferences [3] Market Position - According to Frost & Sullivan, the company ranked second in the overall confectionery market in Fujian Province by revenue, holding approximately 2.7% market share in 2019, and about 0.7% market share in the overall Chinese market [2]