Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-59

Haha come one Werdy… That’s an overly narrow interpretation.

Either you don’t understand how the market works or you’re just trolling at this point. SAMR’s regulatory tightening isn’t just about products with Chinese labels in physical stores, it’s reshaping the entire market landscape, including cross-border e-commerce and daigou channels.

While BUB Supreme may have sailed smoothly in the past, the evolving enforcement environment is forcing a re-evaluation of old models.

The new management recognises these changes and is pivoting to a diversified, sustainable strategy rather than relying on channels that are increasingly subject to stricter quality and compliance scrutiny.

Simply put, the rules have shifted, and clinging to past norms won’t cut it in today’s market.

Do yourself a favour, read my articles and educate yourself.