Huangshan Capsules Plans to Dissolve U.S. Subsidiary and Adjust Overseas Market Strategy

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On March 20, Anhui Huangshan Capsule Co., Ltd. (stock code: 002817, stock abbreviation: Huangshan Capsule) released an announcement stating that its board of directors reviewed and approved a resolution titled “Proposal to Deregister the Controlling Subsidiary,” agreeing to deregister its controlling subsidiary in the United States, Huangshan Capsule Inc.

The announcement shows that on March 20, 2026, Huangshan Capsule held the second meeting of the sixth session of its board of directors, where the above deregistration proposal was reviewed and approved. The board has authorized management to handle the specific matters related to the deregistration. According to relevant regulations, this deregistration matter falls within the board’s authority, so it does not need to be submitted to the shareholders’ meeting for consideration, and it does not involve related-party transactions or a major asset restructuring.

It is understood that the subsidiary proposed for deregistration, Huangshan Capsule Inc., was established on May 21, 2020, with a registered capital of USD 500,000. Its place of registration is in California, United States, and its business scope is the sale and service of hollow capsules and related products. Huangshan Capsule holds 80% of the equity in the subsidiary.

Huangshan Capsule stated that the deregistration of the subsidiary is mainly due to factors such as changes in the policy environment in the U.S. market and rising operating and management costs. The company plans to adjust its development strategy and operating plans for the U.S. market. After the deregistration, the company will continue to develop the U.S. market and maintain customer relationships by combining a model of direct sales by the company’s foreign trade department with high-quality overseas agents, so as to effectively reduce overseas operating costs and compliance risks and steadily advance high-quality development of international operations.

The announcement noted that after the completion of this deregistration, the subsidiary will no longer be included in the scope of the company’s consolidated financial statements. The deregistration will not have a material impact on the company’s overall business development and its continuing profitability, nor will it have a material impact on the major data in the company’s consolidated financial statements. There is no situation where the company and its shareholders, especially minority shareholders, would be harmed.

The company said that the management level will initiate the relevant work for deregistering the subsidiary. Going forward, it will promptly fulfill its information disclosure obligations according to progress. Investors can learn the company’s latest information through The Securities Times, Shanghai Securities News, China Securities Journal, and the website of CNINFO.

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