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Based on consensus from external analysts. Not Kvantra's opinion.

Tingyi (Cayman Islands) Holding Corp. functions as an investment holding entity primarily dedicated to the manufacturing and distribution of a broad spectrum of instant noodles, beverages, and other instant food products across the People's Republic of China. The company's operations are strategically segmented into three main divisions: Instant Noodles, Beverages, and an 'Others' category. Its extensive beverage portfolio features ready-to-drink teas, various juices, milk tea, bottled water, and carbonated soft drinks. Additionally, it offers coffee drinks, functional beverages, and probiotic products. Beyond its core food and beverage activities, Tingyi engages in diverse ancillary services, including property rental and management, logistics solutions, and comprehensive management and support services. The company also produces and markets meat and bakery items. As of December 31, 2021, Tingyi maintained a formidable sales and distribution network throughout China. This infrastructure consisted of 340 sales offices and 341 warehouses, serving an impressive base of 80,726 wholesalers and reaching 256,567 direct retailers. Established in 1992, the corporation is headquartered in Shanghai, People's Republic of China.

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