On March 24, Wellhope disclosed an announcement to officially change its company name to “Wellhope Foods Co., Ltd.”, its stock abbreviation also has been changed to "Wellhope Co., Ltd.”.

By considering the businesses of feed processing, slaughtering and meat processing that Wellhope engaged in belong to agricultural and sideline food processing industry, in the meantime, Wellhope has formulated the strategy of further developing the business of food processing. In order to further conform to industry classification and to meet the long-term strategic development needs, Wellhope has changed its company name to well match the company's development orientation and strategic planning.