Announcement on the Redemption of Cash Management Products Using Idle Self-owned Funds
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 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 an amount not exceeding 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 have good liquidity (including but not limited to time deposits, structured deposits, agreement deposits, and wealth management products), with a validity period of 12 months from the date of approval by the shareholders' meeting. The above amount can be used in a revolving manner within the specified limit and validity period. For specific details, please refer to the announcement titled "Announcement on the Use of Part of the Idle Self-owned Funds for Cash Management" (Announcement No. 2025-105) published by the Company on November 29, 2025, in the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities Journal, Economic Information Daily, and on the Giant Tide Information Network (http://www.cninfo.com.cn).
The specific progress of this matter is announced as follows: