The board of directors of Muyuan Foods Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Resignation Situation
Recently, the board of directors of Muyuan Foods Group Co., Ltd. received resignation reports from Mr. Qin Yinglin and Mr. Cao Zhinian. According to the company's regulations, Mr. Qin has reached the mandatory retirement age and is applying to resign from his positions as director, chairman, member of the strategic committee, member of the sustainable development committee, and president of the company. Mr. Cao is applying to resign from his positions as vice chairman, executive vice president, and financial officer. According to the Company Law of the People's Republic of China and the Articles of Association, Mr. Qin's resignation will not result in the number of board members falling below the legal minimum and will not adversely affect the company's daily operations or the normal functioning of the board. The resignation reports of Mr. Qin and Mr. Cao will take effect from the date they are delivered to the board of directors.
Based on the results of the 16th meeting of the 5th board of directors, it is proposed to appoint Mr. Qin Yinglin as Honorary Chairman for life and to serve as the head of the Muyuan Pig Research Institute, continuing to focus on technological innovation and breakthroughs in the pig farming industry, supporting the company's long-term high-quality development, and contributing to the industry's advancement. Mr. Cao Zhinian will be elected as the chairman of the company.
2. Election of Chairman
On June 1, 2026, the company held the 16th meeting of the 5th board of directors, where the proposal for the election of the company's chairman was reviewed and approved, electing Mr. Cao Zhinian as the chairman of the 5th board of directors (resume attached), and he will serve as the chairman of the strategic committee and the sustainable development committee, with a term from the date of this board meeting's approval until the end of the term of the 5th board of directors.