On June 3, Gelonghui announced that on June 3, 2024, the company (as the buyer) entered into a share purchase agreement with the seller, which related to the acquisition of 100% equity of Gaemi Food. The price of the acquisition is 48 billion won (equivalent to approximately HKD 272 million). After the acquisition, the company will hold all the equity of Gaemi Food, and Gaemi Food will become a wholly-owned subsidiary of the company.

Gaemi Food is a crispy roll snack manufacturer and is a top national brand in the local crispy roll market in South Korea, with revenue of approximately KRW 20.15 billion (approximately HKD 122 million) for the fiscal year ending on December 31, 2023. GaemiFood has a national brand product portfolio, including its flagship product line "Baked Crispy Roll" and other high-value market-targeted product lines for children and young children's snacks. Gaemi Food also provides private label and original design and production products to its customers.

The directors believe that the acquisition enables the company to operate Gaemi Food and more flexibly deploy the group's distribution capabilities in China and Southeast Asia to cope with the growing market demand and changing business environment.

With the core competitiveness of the group's market marketing and food technology, the group is developing non-noodle businesses to generate synergies with instant noodle businesses. After the acquisition, granular crispy rolls in the Korean and overseas markets and Korean snack brand "Kemy" will be added to the group's non-noodle business portfolio. The group will take an open-minded approach to further deepen its understanding of the Korean market and seek to expand its business through sales, logistics, and related networks in the Korean market.