Securities Code: 002982
Bond Code: 127060
Securities Abbreviation: Xiangjia Shares
Bond Abbreviation: Xiangjia Convertible Bond
Announcement No.: 2026-040
Hunan Xiangjia Animal Husbandry Co., Ltd.
Announcement on Investment in Establishing a Holding Subsidiary
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Overview of External Investment
(I) Basic Situation of External Investment
Hunan Xiangjia Animal Husbandry Co., Ltd. (hereinafter referred to as the "Company") has signed a "Joint Venture Agreement" with Shimen County Urban Construction Investment and Development Co., Ltd. (hereinafter referred to as "City Investment Company") to jointly establish Hunan Xiangjia Drinks Co., Ltd. (hereinafter referred to as "Xiangjia Drinks Company") (the name is subject to final approval by the Administration for Industry and Commerce). Xiangjia Drinks Company will have a registered capital of RMB 50 million. The Company will subscribe for RMB 35 million with its own funds, accounting for 70% of the registered capital. City Investment Company will subscribe for RMB 15 million, accounting for 30% of the registered capital. Upon completion of this investment, Xiangjia Drinks Company will become a holding subsidiary of the Company.
(II) Procedures for the Transaction
On June 11, 2026, the Company held the 25th meeting of the Fifth Board of Directors, which deliberated and approved the "Proposal on External Investment to Establish a Holding Subsidiary" with 9 votes in favor, 0 votes against, and 0 abstentions. According to the "Articles of Association" and the Company's "Management System for External Investment" and relevant laws and regulations, this external investment does not require submission to the Company's shareholders' meeting for deliberation.
(III) According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 7 - Transactions and Related Transactions," and the relevant provisions of the "Articles of Association," this external investment to establish a holding subsidiary does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not require approval from relevant departments.
II. Basic Information of the Partner
Name: Shimen County Urban Construction Investment and Development Co., Ltd.
Unified Social Credit Code: 91430726740644987Q
Enterprise Type: Other Limited Liability Company
Legal Representative: Huang Shenrui
Registered Capital: RMB 159,078 million
Date of Establishment: December 8, 2001
Address: Room 113, Building 5, Orange Fragrance Road, Baofeng Street, Shimen County, Changde City, Hunan Province
Business Scope: Licensed projects: Construction engineering; real estate development and operation. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments, and the specific business projects are subject to the approval documents or permits of relevant departments.) General projects: Enterprise headquarters management; land remediation services; cement product sales; investment activities with own funds; funeral facility operation; property management; forest management and protection; forest renovation; forest product collection; forestry pest control services; forestry machinery services; forest product sales. (For projects not subject to approval according to law, business activities can be carried out independently based on the business license.)
Shareholder Structure: Hunan Jiaohong Construction and Development Co., Ltd. holds 94.34%; China Agricultural Development Fund Co., Ltd. holds 5.66%.
Related Party Relationship: There is no related party relationship between City Investment Company and the Company, nor is there any other relationship that may or has already caused the Company to favor its interests.
III. Basic Information of the Proposed Joint Venture Company