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On May 20th, Consumer Goods Group of C&D Inc. (600153.SH) , through its subsidiary C&D Merchandise, signed an agreement with the Kunshan Development Zone in Jiangsu Province for the "C&D Merchandise Coffee Sales Headquarters Project.” This project marks a significant milestone in its strategic deployment in the new consumer sector, initiating a collaborative chapter with Kunshan. It will leverage Kunshan's unique advantages to engage in the import, export, and distribution of high-end food products like coffee, providing supply chain services to renowned brands such as Luckin Coffee.

Looking ahead, C&D Merchandise will actively explore new opportunities in the coffee industry, continue to integrate industry resources, and provide consumers with superior coffee products and services, contributing to the flourishing development of China's coffee industry alongside its partners.