Item 4 — Purpose of Transaction
The response to Item 3 of this Schedule 13D is incorporated by reference herein. The acquisition of securities set forth in the Schedule 13D filed on May 24, 2019, pursuant to the SEA, was to consummate the Issuer's acquisition of Bozhuang and to diversify the Issuer's business by adding the offering of Bozhuang's tea products. In connection with the acquisition of securities by the Reporting Person under the SEA, the Issuer appointed the Reporting Person as a director of the Issuer. The acquisition of securities set forth in the Schedule 13D filed on September 1, 2020, pursuant to the SPA, was for investment purposes. The acquisition of securities set forth in the Schedule 13D filed on May 26, 2021, pursuant to the SPA, was for investment purposes. The acquisition of securities set forth in the Schedule 13D filed on September 27, 2021, pursuant to the SPA, was for investment purposes. The acquisition of securities set forth in the Schedule 13D filed on July 27, 2022, pursuant to the SPA, was for investment purposes. The acquisition of securities set forth in the Schedule 13D filed on December 8, 2022, pursuant to the SPA, was for investment purposes. The acquisition of securities set forth in this Schedule 13D, pursuant to the board resolution of the Issuer, was for compensation of the Reporting Person. Except as otherwise described above, there are no other current plans or proposals which the reporting persons may have which relate to or would result in: (a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the issuer; (f) Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; (g) Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (h) Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) Any action similar to any of those enumerated above.