Table of Contents
I. Background and Objectives of This Issuance
(I) Background of Issuance to Specific Objects
- Significant Market Space for Increased Poultry Consumption
- High Volatility in the Poultry Industry Requires Sufficient Working Capital to Further Enhance the Company's Risk Resistance
- The Growing Trend of Industry Integration and Scale Farming Necessitates Sufficient Company Reserves to Meet Business Development Needs
(II) Objectives of Issuance to Specific Objects
- Enhance Company Capital Strength and Meet Future Core Business Development Needs
- Optimize Financial Structure, Reduce Asset-Liability Ratio, and Enhance Company Risk Resistance
II. Necessity of Issuing Securities and Selecting Their Types
(I) Types and Par Value of Securities to Be Issued
(II) Necessity of Selecting Types of Securities to Be Issued
III. Appropriateness of the Scope, Number, and Standards of Selection of Issuance Objects
(I) Appropriateness of the Scope of Selection of Issuance Objects
(II) Appropriateness of the Number of Issuance Objects
(III) Appropriateness of the Standards for Placement Objects
IV. Reasonableness of the Principles, Basis, Methods, and Procedures for Pricing This Issuance
(I) Principles and Basis for Pricing This Issuance
(II) Methods and Procedures for Pricing This Issuance
V. Feasibility of the Issuance Method
(I) The Issuance Method is Legal and Compliant
- This Issuance Complies with the Relevant Conditions Stipulated by the "Company Law"
- This Issuance Complies with the Issuance Conditions Stipulated by the "Securities Law"
- This Issuance Complies with the Relevant Conditions Stipulated by the "Administrative Measures for the Registration of Issuance of Securities by Issuers" (1) No Violation of the Provisions of Article 11 of the "Administrative Measures for the Registration of Issuance of Securities by Issuers" (2) The Use of Raised Funds Complies with the Provisions of Article 12 of the "Administrative Measures for the Registration of Issuance of Securities by Issuers" (3) This Issuance Complies with the Relevant Provisions of the "Administrative Measures for the Registration of Issuance of Securities by Issuers" Regarding Issuance and Underwriting
- This Issuance Complies with the Relevant Provisions of the "Guiding Opinions on the Application of Relevant Provisions of Articles 9, 10, 11, 13, 40, 57, and 60 of the Administrative Measures for the Registration of Securities Issuance by Issuers" (hereinafter referred to as "Guiding Opinions on Securities and Futures Legal Application No. 18") (1) Regarding Financial Investments of Significant Amount (2) Regarding Rational Financing and Reasonable Determination of Financing Scale (3) Regarding Investment in the Main Business
- The Company is Not Within the Scope of Punishable Enterprises as Stipulated in the "Memorandum of Understanding on Jointly Punishing Dishonest Persons Subject to Enforcement" and the "Memorandum of Understanding on Jointly Punishing Customs Dishonest Enterprises", and is Not a Generally Dishonest Enterprise or a Customs Dishonest Enterprise (II) The Issuance Procedures are Legal and Compliant
VI. Fairness and Reasonableness of the Issuance Plan
VII. Impact of This Issuance on Diluted Immediate Returns and Specific Measures for Compensation
VIII. Conclusion
According to the "Company Law," "Securities Law," and "Administrative Measures for the Registration of Issuance of Securities by Issuers," Jiangsu Yike Food Group Co., Ltd. has compiled the analysis report on the justification of this issuance plan. Unless otherwise specified, terms used in this analysis report have the same meaning as in the "Proposal for Jiangsu Yike Food Group Co., Ltd. to Issue A Shares to Specific Objects in 2026."