Securities Code: 003000
Securities Abbreviation: Jinzhai Food
Announcement Number: 2026-028
Jinzhai Food Group Co., Ltd. announces the following regarding the repurchase of company shares for cancellation and reduction of registered capital. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
- Jinzhai Food Group Co., Ltd. (hereinafter referred to as "the Company") intends to use its own funds and special loan funds for share repurchase through centralized bidding to repurchase part of the company's shares for cancellation and reduction of registered capital. The repurchase price will not exceed RMB 16 per share (inclusive), with a total repurchase amount of no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive). The specific number of shares to be repurchased will be based on the actual number of shares repurchased upon the expiration of the repurchase period or completion of the repurchase. The repurchase period will not exceed 12 months from the date the shareholders' meeting approves the repurchase plan.
- This repurchase plan has been reviewed and approved by the 14th meeting of the 3rd board of directors held on June 3, 2026, and is subject to approval by the shareholders' meeting.
- As of the date of this announcement, the company has not received any plans from the repurchase proposers, controlling shareholders, actual controllers, shareholders holding more than 5%, and their concerted actors, directors, or senior management to increase or decrease their holdings during the repurchase period. If any relevant parties plan to implement share increases or decreases in the future, the company will fulfill its information disclosure obligations in a timely manner according to relevant regulations.
- Risk Warning:
(1) The repurchase matter is subject to the shareholders' meeting's review, and there is a risk that the shareholders' meeting may not approve it;
(2) There is a risk that the company's stock price may continue to exceed the upper limit of the repurchase price during the repurchase period, making the repurchase plan impossible to implement or only partially implementable;
(3) If the funds required for the repurchase are not in place in a timely manner, there may be risks of the repurchase plan being unable to be implemented or only partially implemented;
(4) If significant events occur that have a major impact on the company's stock trading price, or if there are significant changes in the company's production, operation, financial condition, or external objective circumstances, or other matters that lead to the shareholders' meeting deciding to terminate the repurchase, there is a risk that the repurchase plan may not be smoothly implemented, or may be changed or terminated according to regulations;
(5) The repurchased shares will be used for cancellation and reduction of registered capital, which may lead to creditors requesting the company to repay debts early or provide corresponding guarantees. If such situations arise, it may cause the repurchase plan to proceed smoothly. The company will fulfill its information disclosure obligations in a timely manner based on the progress of the repurchase matter. Investors are advised to invest rationally and pay attention to investment risks.
According to the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Rules on the Repurchase of Shares by Listed Companies" (hereinafter referred to as "Repurchase Rules"), "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 9 - Share Repurchase" (hereinafter referred to as "Repurchase Guidelines"), and other relevant regulations, the company held the 14th meeting of the 3rd board of directors on June 3, 2026, to review and approve the "Proposal on the Repurchase of Company Shares for Cancellation and Reduction of Registered Capital." According to the provisions of the "Articles of Association," this repurchase plan must be submitted to the shareholders' meeting for review. The specific content of the repurchase plan is announced as follows: