Announcement on the Progress of Establishing a Wholly-Owned Subsidiary through External Investment
Tianshui Zhongxing Mushroom Industry Technology Co., Ltd. (hereinafter referred to as "the Company") held the 25th meeting of the 5th Board of Directors on May 20, 2026, where it approved the proposal to establish a wholly-owned subsidiary through external investment. The Board agreed to invest 30 million RMB to establish Hanzhong Zhongxing Mushroom Industry Technology Co., Ltd. For more details, please refer to the announcement published by the Company in the information disclosure media "Securities Times," "Securities Daily," and the Giant Tide Information Network (http://www.cninfo.com.cn) under announcement number: 2026-045.