c zenith chem (00362) announced that on November 18, 2024, the company signed a strategic investment framework agreement with three companies incubated by Suzhou Chuyi Enterprise Management Co., Ltd. (Suzhou Chuyi): Hubei Yidong Yimei Management Co., Ltd. (Yidong Yimei), Hubei Daohua Industrial Development Co., Ltd. (Daohua Industrial), and Fabudo Dining Management (Peking) Co., Ltd. (Fabudo).

According to the framework agreement, Yidong Yimei, Daohuo Industrial, and Favudo agree to cooperate with the company and commit to making strategic investments in the company to support its development in accordance with Hong Kong capital market regulations and certain conditions. Depending on the different stages of cooperation, it is expected that Yidong Yimei, Daohuo Industrial, and Favudo will make strategic investments of no less than 20 million US dollars in the company, including but not limited to the subscription and issuance of notes, bonds, convertible bonds, and/or share placements, as well as other debt and equity investments based on market conditions and the usage of funds at that time.

Yidong Yimei focuses on the field of non-invasive facial anti-aging and has innovated a method to achieve rapid anti-aging effects through external application, which has been well received in the market.