Company Code: 002991 Company Abbreviation: GanYuan Food Announcement Number: 2026-016
GanYuan Food Co., Ltd. Announcement on Re-evaluation and Continued Implementation of Partial Raised Capital Investment Projects
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
GanYuan Food Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the fifth Board of Directors on June 22, 2026, and deliberated and passed the "Proposal on Re-evaluation and Continued Implementation of Partial Raised Capital Investment Projects". Under the condition that the investment purpose, implementation location, and investment scale of the raised capital investment projects (hereinafter referred to as "Funded Projects") remain unchanged, based on the current implementation progress of the Funded Projects, the Company has re-evaluated the "Phase VI Production Line Construction Project (1)" (hereinafter referred to as "This Funded Project") and prudently decided to continue its implementation. The sponsor, Guosen Securities Co., Ltd., has issued a clear opinion of consent on this matter, and this proposal does not need to be submitted to the Company's shareholders' meeting for deliberation. The relevant situation is hereby announced as follows:
I. Overview of Raised Capital
(I) Basic Situation of Raised Capital
Approved by the China Securities Regulatory Commission's "Approval on the Initial Public Offering of Shares by GanYuan Food Co., Ltd." (Zhengjian Permit (2020) No. 664) and agreed by the Shenzhen Stock Exchange, the Company publicly issued 23.304 million ordinary shares of RMB (A shares) (par value RMB 1.00 per share) to the public. The issue price was RMB 38.76 per share. The total amount of capital raised from this issuance of new shares was RMB 903,263,040.00. After deducting issuance expenses of RMB (excluding tax) 66,224,491.31, the net amount of raised capital was RMB 837,038,548.69. The arrival of the aforementioned raised capital has been verified by Tianjian Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" (Tianjian Verification (2020) No. 3-62) on July 29, 2020. The Company has implemented special account management for the raised capital and has signed the "Three-Party Supervision Agreement for Raised Capital" and the "Four-Party Supervision Agreement for Raised Capital" with the sponsor and the bank where the special account for raised capital is located.
(II) Use of Raised Capital
As of May 31, 2026, the Company's use of raised capital is as follows:
| Serial Number | Project | Committed Investment Amount | Adjusted Investment Amount | Cumulative Investment | Investment Progress by Period End |
|---|---|---|---|---|---|
| 1 | 36,000 Tons/Year Leisure Food Henan Production Line Construction Project | 30,760.71 | 30,760.71 | 30,760.71 | 100.00% |
| 2 | Marketing Network Upgrade and Brand Promotion Project | 35,409.71 | 25,323.61 | 22,634.71 | 89.38% |
| 3 | Automated Production Line Technology Upgrade Project | 7,735.98 | 7,735.98 | 7,700.79 | 100.00% |
| 4 | Informationization Construction Project | 5,220.46 | 5,220.46 | 1,310.37 | 25.10% |
| 5 | R&D Center Construction Project | 4,576.99 | 4,576.99 | 1,761.79 | 100.00% |
| 6 | Phase VI Production Line Construction Project (1) | 0.00 | 10,086.10 | 0.00 | 0% |
| Total | 83,703.85 | 83,703.85 | 64,168.37 | 76.66% |