GLONGHUI September 6th 丨 Dasen Holdings (01580.HK) announced that the group intends to invest in a special purpose company established in China, Guoye Holdings (Shenzhen)Group Co., Ltd., Guoye Shenzhen will develop and expand smart agricultural solutions such as distribution links in the field of agricultural and sideline products. Guoye Shenzhen's business scope may include but is not limited to forestry development, agricultural trade and wholesale, warehousing, logistics and investment.

The board of directors believes that the new business will diversify the Group's business scope and help the Group's comprehensive layout, thereby effectively promoting the Group's business development in China and seizing good market opportunities.

Furthermore, the board believes that the new business will expand the Group's revenue streams and bring positive returns to the Group in the long run. Therefore, the board of directors believes that investing in special purpose companies is in the overall interests of the company and its shareholders. The Group will explore further investment opportunities in other core businesses, strive to follow a healthy, sustainable and high-quality development path, and achieve the goal of rapid business growth.