Stock Code: 300957
Stock Abbreviation: Beite Ni
Announcement No.: 2026-040
Yunnan Beite Ni Biotechnology Group Co., Ltd.
Announcement on the Progress of Performance Compensation Implementation by Yuejiang (Guangzhou) Investment Co., Ltd.
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or significant omissions.
Yunnan Beite Ni Biotechnology Group Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the third Board of Directors on June 12, 2026, and approved the "Proposal on the Implementation of Performance Compensation by Yuejiang (Guangzhou) Investment Co., Ltd." Under the premise of not changing the performance compensation results, a supplementary agreement was reached with the management shareholders of Yuejiang (Guangzhou) Investment Co., Ltd. (hereinafter referred to as "Yuejiang Investment" or "Target Company") regarding the specific method of performance compensation implementation. This matter was also reviewed and approved by the fifth meeting of the Audit Committee of the third Board of Directors of the Company held on June 9, 2026.
The relevant matters are hereby announced as follows:
I. Transaction Overview and Performance Commitment Completion
(I) Transaction Overview
On September 27, 2023, Hainan Beite Ni Investment Co., Ltd. (hereinafter referred to as "Hainan Beite Ni"), a wholly-owned subsidiary of the Company, acquired 48.55% of the equity of Yuejiang Investment held by management shareholders such as Guo Liang, Li Hongda, and institutional shareholders for RMB 485.5 million in cash from its own funds. Simultaneously, it subscribed for RMB 50 million of newly increased registered capital of Yuejiang Investment, totaling RMB 12.4279 million (hereinafter referred to as the "Yuejiang Control Rights Transaction"). The relevant parties have signed the "Agreement on Capital Increase and Equity Transfer of Yuejiang (Guangzhou) Investment Co., Ltd." and its supplementary agreements (collectively referred to as the "Acquisition Agreement"). Upon completion of the above transaction, Hainan Beite Ni held a total of 51% of the equity of Yuejiang Investment. The above transaction does not constitute a major asset restructuring of the Company.
The specific transaction details can be found in the relevant announcements disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) (Announcement Nos.: 2023-059, 2023-062).
(II) Performance Commitment Agreement and Completion Status
According to the "Acquisition Agreement," the management shareholders of the Target Company (namely Guo Liang, Li Hongda, Yang Yang, Zhong Siyu, Rao Feng, and Weimai Tong Technology (Guangzhou) Partnership (Limited Partnership), hereinafter referred to as "Management Shareholders," "Performance Promisors," or "Compensators") committed that the net profit generated by the Target Company in 2023, 2024, and 2025 (hereinafter referred to as the "Performance Commitment Period") shall not be less than RMB 50 million, RMB 80 million, and RMB 105 million respectively, with a cumulative net profit commitment of not less than RMB 235 million for the three years (hereinafter referred to as the "Net Profit Commitment").