On October 25th, Geelong announced that Hangzhou Haoyue Personal Care intends to acquire 100% equity of Hubei Sibao Care Products Co., Ltd. in cash. According to preliminary assessment, the comprehensive valuation of Sibao Care is tentatively set at not more than 0.36 billion yuan. The target company's brands such as "Jieting", "Quanyinai", and "Meiyuejian" have high visibility, reputation, and integrity in the industry, with good brand influence and value. The company stated that this acquisition is in line with the company's overall global strategy, conducive to expanding business areas, promoting the development of independent brands, enhancing the company's overall operational efficiency and market competitiveness.