Stock Code: 002650 Stock Abbreviation: ST Jiajia Announcement No.: 2026-038 Jiajia Food Group Co., Ltd. Announcement on the Retrieval of Remaining Contract Manufacturing Inventory Assets and Receipt of Proceeds from Auction of Part of Inventory Assets
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Jiajia Food Group Co., Ltd. (hereinafter referred to as the "Company") and its wholly-owned subsidiary Jiajia Food (Ningxia) Biological Technology Co., Ltd. (hereinafter referred to as "Ningxia Jiajia") entrusted related parties Ningxia Keke Mei Biological Engineering Co., Ltd. (hereinafter referred to as "Ningxia Keke Mei") and Ningxia Yumi Starch Co., Ltd. (hereinafter referred to as "Ningxia Yumi") to process monosodium glutamate (MSG) under contract manufacturing. A "MSG Contract Manufacturing Agreement" was signed, which stipulated a material processing model where the entrusting party provides raw materials, auxiliary materials, and packaging materials, and Ningxia Keke Mei and Ningxia Yumi undertake the processing. The contract manufacturing business was suspended in March 2024, but Ningxia Jiajia's inventory remained stored in Ningxia Keke Mei's factory. As of March 31, 2024, the net book value of the inventory was RMB 84.472 million.