Recently, Huilong New Materials and Hangzhou Pet Sales Club Supply Chain Management Co., Ltd. (hereinafter referred to as "Pet Sales Club") formally signed an agreement on capital increase and equity participation at the Hangzhou headquarters of Pet Sales Club. The main management and shareholder representatives of Pet Sales Club, Xie Minglan, deputy general manager and secretary of the board of directors of Huilong New Materials, and relevant persons in charge attended the signing ceremony. Zhu Jiahao, director of the investment and development department of Huilong New Materials, and Jin Jianxing, the legal representative of Pet Sales Club, signed the contract on behalf of both parties.

Pet Sales Club is committed to building a leader in the digital infrastructure of the pet industry. With its rich experience in the pet industry, it has independently developed an industry-leading pet supply chain digital system, which has successfully integrated the full-link capabilities of supply chain channels + smart logistics + digital marketing. Pet Sales Club has empowered small and medium-sized retailers through digitalization, and has served many pet physical stores and thousands of online dynamic merchants across the country, and has promoted the exponential growth of the average transaction amount of cooperative merchants, demonstrating good innovation capabilities and growth potential.

At present, China's pet industry is ushering in a period of rapid development, and Pet Sales Club is in a stage of rapid growth. This time, Huilong New Materials strategically invested in Pet Sales Society in the hope of helping it further expand its market advantages and jointly seize industry opportunities through capital empowerment and resource synergy.