Securities Code: 301116 Securities Abbreviation: Yike Food Announcement Number: 2026-034
Jiangsu Yike Food Group Co., Ltd. Announcement on Signing a Conditional Share Subscription Agreement with a Specific Target and Related Party Transaction
The Company and the Board of Directors of the Company guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
- Jiangsu Yike Food Group Co., Ltd. (hereinafter referred to as the "Company") plans to issue shares to specific targets. The number of shares issued shall not exceed 30% of the total share capital before this issuance, which is no more than 134,693,877 shares (inclusive). The final number of shares issued shall be subject to the approval document issued by the China Securities Regulatory Commission (CSRC). The issuance targets include Jiangsu Yike Agricultural and Animal Husbandry Investment Co., Ltd. (hereinafter referred to as "Yike Agricultural and Animal Husbandry") and no more than 35 other specific investors who meet the conditions stipulated by the CSRC, including fund management companies, securities companies, trust companies, financial companies, insurance institutional investors, qualified foreign institutional investors, and other legal persons, natural persons, or other qualified institutional investors that comply with laws and regulations.
- Yike Agricultural and Animal Husbandry is the controlling shareholder of the Company. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as the "Listing Rules"), this issuance constitutes a related party transaction. This related party transaction does not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it constitute a backdoor listing.
- This related party transaction has been approved by the 23rd meeting of the third Board of Directors. Related directors have recused themselves from voting. The independent directors of the Company have issued independent opinions agreeing to this related party transaction. This related party transaction is subject to the approval of the Company's shareholders' meeting (related shareholders will recuse themselves from voting).
- This issuance is subject to review and approval by the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") and the approval and registration decision by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") before it can be implemented.
- Regarding subsequent matters related to this issuance, the Company will fulfill its information disclosure obligations in a timely manner according to the progress of the matter. This issuance is still subject to uncertainty, and investors are advised to pay attention to investment risks.
I. Overview of Related Party Transactions (I) Overview of Related Party Transactions
The Company plans to issue A shares to specific targets, including Yike Agricultural and Animal Husbandry. The number of A shares to be issued in this private placement shall be calculated by dividing the total amount of funds to be raised by the issue price, and shall not exceed 30% of the Company's total share capital before the issuance, which is no more than 134,693,877 shares (inclusive). The total amount of funds to be raised shall not exceed RMB 900 million (inclusive). Yike Agricultural and Animal Husbandry plans to subscribe for shares in this issuance with cash, with an amount not less than RMB 50 million (inclusive) and not more than RMB 150 million (inclusive). The Company and Yike Agricultural and Animal Husbandry signed the "Conditional Share Subscription Agreement" on June 10, 2026. Yike Agricultural and Animal Husbandry will subscribe for a portion of the Company's shares issued in this private placement according to the conditions, price, and number of shares stipulated in the agreement.