10/30/2026 | Press release | Distributed by Public on 10/30/2026 08:09
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
On October 30, 2026, the Board of Directors of Sky Constant Century Inc. (the "Company") appointed Mr. Jin Xiong as a member of the Company's Board of Directors, effective immediately.
Mr. Xiong has more than 20 years of management and operating experience in the consumer products, personal care, cosmetics, retail and distribution industries. He currently serves as Chairman of Jipinlong International Cosmetics Limited, Hainan Jipinlong Supply Chain Co., Ltd., and Guangzhou Fengyan Brand Management Co., Ltd. During his career, Mr. Xiong has held senior management positions with several consumer products and personal care companies, with responsibilities covering sales management, channel development, marketing, business operations and corporate strategy. His experience includes management of supermarket, cosmetics specialty retail, distribution and social-commerce channels. Mr. Xiong holds a Bachelor of Laws and a Master's degree in Management from Wuhan University and an MBA from China University of Geosciences. The Company believes that Mr. Xiong's management experience, industry knowledge and background in consumer products and retail operations will contribute positively to the Board's oversight and strategic development, particularly as the Company evaluates opportunities in international consumer markets, retail operations and supply-chain related businesses.
Item 8.01 Other Events.
In connection with Mr. Xiong's appointment, the Company is also evaluating potential strategic cooperation with Jipinlong International Cosmetics Limited ("Jipinlong"), a Hong Kong company chaired by Mr. Xiong.
Based on information provided to the Company, Jipinlong is focused on overseas retail, consumer products and supply-chain related business development, with particular emphasis on opportunities in the United States and Vietnam. The Company and Jipinlong intend to explore potential areas of cooperation, including consumer retail operations, brand development, supply-chain coordination, cross-border commerce and international market expansion. The parties may also evaluate a possible future business combination, acquisition, restructuring, or integration of certain businesses or assets, depending on the results of further discussions and due diligence. The Company believes that Jipinlong's experience in consumer products, retail operations and overseas business development may complement the Company's broader strategic objectives. If a transaction or strategic cooperation is ultimately completed, it could provide the Company with additional operating resources, supply-chain capabilities, retail expertise and opportunities to expand its presence in international consumer markets. Because Mr. Xiong serves as Chairman of Jipinlong and has been appointed to the Company's Board of Directors, any potential transaction involving Jipinlong would be subject to appropriate Board review, applicable conflict-of-interest procedures, due diligence, valuation, negotiation, regulatory requirements and the execution of definitive agreements. The discussions regarding any potential transaction remain preliminary. No definitive agreement relating to any acquisition, business combination or asset integration has been executed as of the date of this report, and there can be no assurance that any transaction will be completed. The Company will provide additional disclosure in accordance with applicable securities laws and regulations if material developments occur.