Citic Capital, since December 2021, China's largest investment company, has become a major shareholder of Anewcos. Axilone Group, controlled by Citic, decided to merge with Anewcos to launch a diversified one-stop beauty service officially.

Axilone Group is a cosmetics packaging material company headquartered in Paris, France. As a famous company for its high quality in the global cosmetics packaging material field, it currently has 6 production bases in France, Spain and China. Axilone China is a one-stop packaging manufacturing provider. In recent years, it has been transforming from manufacturer to one-stop solution provider, and transformed from lipstick to makeup category, and also advancing from a traditional brand to an emerging brand. In order to provide a real one-stop service of diversified beauty makeup, Axilone China has been looking for merger partners with excellent competitiveness in cosmetics research, development, design, production and other aspects. After a systematic and comprehensive research and analysis,  Axilone finally chose —— Anewcos, a rising star of the Chinese cosmetics industry founded for ten years.

Cedrik SEO is the general manager of the company, who is with 30 years of R&D experience. For the merger, he said as follows: " Through the merger with Axilone Group, we can offer customers a more perfect and higher-quality one-stop service in the future. Axilone who is focusing on overseas markets will strengthen domestic demand and further enhance the core competitiveness in overseas development. Meanwhile, Anewcos, who is focusing in the domestic market, will not only expand the existingl production scale, but also further empower and expand overseas markets, so this merger will bring new opportunities to the comprehensive developments for both parties.