Miao Kelando: Jointly acquired fund faces multiple risks due to overdue debt.

Miao Kelando announced that the company had invested 100 million yuan in 2018 to subscribe for the shares of the acquisition fund, which is named Shanghai Xiangmin Equity Investment Fund Partnership Enterprise. Due to the fact that the acquisition fund and its subsidiaries provided guarantees for the debts of Jilin Yaohe Trading Co., Ltd., and Jilin Yaohe did not repay the debts overdue, Mengniu Inner Mongolia has initiated arbitration and obtained a ruling, granting it priority repayment rights to the proceeds from the auction or sale of the 99.99% equity of Changchun Lianxin held by the acquisition fund. The company cannot realize the principal and profits from the acquisition fund's exit. If the guarantor Chaixiu fails to fulfill the compensation commitment, the company may incur significant losses, affecting its net profit. The company will initiate legal recovery measures.