Guangdong Yuehai Feed Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The Company held the 11th meeting of the 4th Board of Directors on November 28, 2025, and the 5th interim shareholders' meeting of 2025 on December 15, 2025, where it reviewed and approved the proposal on the use of part of the idle self-owned funds for cash management. The Company and its subsidiaries are authorized to use a maximum of RMB 1 billion of temporarily idle self-owned funds to purchase cash management products issued by financial institutions such as banks and securities companies, which are low-risk, highly secure, and liquid (including but not limited to time deposits, structured deposits, agreement deposits, and wealth management products). The effective period is within 12 months from the date of approval by the shareholders' meeting, and the funds can be used in a rolling manner within the above limit and effective period. For specific details, please refer to the announcement published by the Company on November 29, 2025, in the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities Journal, Economic Information Daily, and the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No.: 2025-105).
The specific progress of this cash management initiative is announced as follows:
1. Progress of Using Idle Self-owned Funds for Cash Management
Recently, the Company has used part of its idle self-owned funds for cash management. The specific situation is as follows: