Jiujiuwang Food International is a confectionary products manufacturer established in the PRC in 1999. It manufactures and sells confectionary products, including gum-based candies, tablet candies, aerated candies and hard candies.

The Group generally source raw materials from suppliers, manufacture and package confectionary products at its in-house production facilities, and either sell its products under brands owned or licenced by its OEM customers in the PRC and to overseas countries, or sell products under its own brands, namely Coolsa, Lalabo and Jiujiuwang, to distributors or to end consumers through e-commerce channel in the PRC.

As at 31 August 2020, the Group had 129 third party distributors with sales network covering one municipal city, two autonomous regions and 21 provinces, forming a nationwide sales network in the PRC and reaching hypermarkets, supermarkets, grocery stores and tuck shops. According to Frost & Sullivan, as measured by revenue, the Group ranked second in the overall sugar confectionary market in Fujian Province with regional market share of approximately 2.7% in 2019 and had approximately 0.7% market share in the PRC in 2019.

The Group manufactures confectionary products at its in-house factory located in Jinjiang City, Fujian Province. It had 32 production lines, with an annual production capacity of approximately 15,045.4 tonnes, for manufacturing products.