Group 1 - The company, Jiumaojiu (09922), announced a share subscription agreement to invest $28 million in a target company, acquiring approximately 48.2 million Class A preferred shares, and a purchase agreement for about 25.8 million shares from eight selling shareholders for a total of $15 million [1] - The target company operates a North American restaurant chain under the "Big Way Hot Pot" brand, offering a customizable hot pot dining experience with a variety of high-quality meats, seafood, fresh vegetables, and sauces [1] - After the transaction, the company will hold approximately 49.0% of the equity interest in the "Big Way Hot Pot" business, which currently has 21 restaurants in the Greater Vancouver area, Toronto, and California [1] Group 2 - Post-transaction, the target company will have Class A and Class B shares, with Class A shares providing one voting right and participation rights, while Class B shares offer weighted voting rights without participation rights [2] - Xinzhong Yao will control approximately 86.7% of the voting rights and about 39.4% of the participation rights in the target company through personal holdings and trusts [2] - The company will control about 10.8% of the voting rights and 49.0% of the participation rights in the target company through its ownership of Class A shares, but the target company will not become a subsidiary, and its financial performance will not be consolidated into the company's financial statements [2]

Group 1 - The company has entered into a share subscription agreement to acquire approximately 48.2 million Class A preferred shares of the target company for $28 million and has agreed to purchase approximately 25.8 million shares from eight selling shareholders for a total purchase price of $15 million [1] - The target company operates a North American restaurant chain under the "Big Way Hot Pot" brand, offering a customizable hot pot dining experience with a variety of high-quality meats, seafood, fresh vegetables, and sauces [1] - After the completion of the transaction, the company will hold approximately 49.0% of the equity interest in the "Big Way Hot Pot" business [1] Group 2 - The target company has both Class A and Class B shares, with Class A shares providing one voting right and participation rights, while Class B shares have weighted voting rights but no participation rights [2] - Xinzhong Yao will control approximately 86.7% of the voting rights and about 39.4% of the participation rights in the target company through personal holdings and trusts [2] - The company will control approximately 10.8% of the voting rights and 49.0% of the participation rights in the target company through its ownership of Class A shares [2]