Group 1 - The board meeting of Yuzhi Agricultural (00875.HK) is scheduled for August 22, 2025, to consider and approve the unaudited interim results for the six months ending June 30, 2025, and to release the performance announcement [1] - The meeting will also discuss the proposal for an interim dividend distribution, if applicable [1]

( 於百慕達註冊成立之有限公司 ) (股份代號: 875) 董事會召開日期 Congyu Intelligent Agricultural Holdings Limited 從 玉 智 農 集 團 有 限 公 司 從玉智農集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣 佈，本公司董事會會議將於二零二五年八月二十二日（星期五）舉行，藉以考慮及批 准（其中包括）本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核 中期業績及發佈該業績公告，及建議派發中期股息 （如有）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 從玉智農集團有限公司 林裕豪 主席兼聯席首席執行官 香港， 二零二五年八月十二日 於本公佈日期，董事會由五名董事組成，包括兩名執行董事林裕豪先生及楊艷女士； 以及三名獨立非執行董事，分別為李邵華先生、朱柔香女士及李楊女士。 ...

FF301 本月底法定/註冊股本總額： HKD 1,600,000,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00875 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 455,108,445 | | 0 | | 455,108,445 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 455,108,445 | | 0 | | 455,108,445 | 致：香港交易及結算所有限公司 公司名稱: 從 ...

Core Viewpoint - The article highlights significant stock movements in the Hong Kong and US markets, indicating various companies experiencing notable gains due to specific events or developments. Hong Kong Market Highlights - Li Auto (02015) saw a rise of over 3% as the launch of the Li i8 is set for July 29 [1] - Chinese banks experienced gains, with Zhengzhou Bank (06196) up 6.06%, Minsheng Bank (01988) up 4.97%, CITIC Bank (00998) up 3.24%, and Industrial and Commercial Bank of China (01398) up 1.8% [1] - Jiuyuan Gene (02566) increased by over 6% following the approval of its drug by the National Medical Products Administration [1] - Conant Optical (02276) rose over 6% as its net profit is expected to increase by over 30% year-on-year [1] - Puxing Energy (00090) surged over 220% after acquiring equity in HashKey Holdings Limited, entering the digital asset finance sector [1] - Blucube (00325) saw a rise of over 8% as it faced its first share unlock, with an accelerated pace of new product launches [1] - InnoCare Pharma (02577) rose over 5% as TSMC exited the GaN business, prompting cornerstone investors to extend their lock-up period [2] - Jitu Express (01519) increased over 4% due to strong package volume performance in Southeast Asia [2] - Apple-related stocks saw gains, with Cowell (01478) up 5.14%, Sunny Optical (02382) up 4.99%, BYD Electronics (00285) up 4.67%, and AAC Technologies (02018) up 1.89% [2] - From Yuzhi Agriculture (00875) surged over 13% as the company aims to build a comprehensive modern agriculture flagship group [2] - Fenbi (02469) rose over 5% following an upgrade to its AI question-answering system, which is expected to drive performance growth [2] - E-Surfing (02550) increased over 16% after Barclays acquired a 280 million stake and partnered with Huawei Cloud [2] - Cryptocurrency ETF and related stocks rose, with New Fire Technology Holdings (01611) up 10.82%, Xiong'an Technology (01647) up 10.23%, and others [2] - Superstar Legend (06683) surged over 20% as Jay Chou joined Douyin, gaining over 10 million followers [3] - Cornerstone Pharmaceuticals (02616) rose over 4% after its drug production application was approved by NMPA [3] - Longguang Group (03380) opened over 4% higher as its debt restructuring plan was approved by creditors [3] - Saijing Technology (00580) opened over 8% after announcing a projected net profit of approximately 90 million, a 167% year-on-year increase [3] - Derin Holdings (01709) opened nearly 15% higher as it plans to tokenize up to 500 million HKD in assets for distribution to shareholders [3] US Market Highlights - Deutsche Bank (DB.US) rose over 3% as it restructures its wealth management business in Germany to improve profitability [4] - UnitedHealth (UNH.US) fell over 1% amid reports of a US Department of Justice investigation into its medical insurance billing [4] - Futu Holdings (FUTU.US) increased over 9% after Morgan Stanley raised its target price to 160 USD [4] - Boeing (BA.US) rose over 3% as June aircraft deliveries reached an 18-month high [4] - Meta (META.US) increased nearly 2% as it reportedly invested 3.5 billion USD to enhance its AI smart glasses business [4] - Nvidia (NVDA.US) rose nearly 2%, reaching a historic high with a market capitalization of 4 trillion USD [4] - Microsoft (MSFT.US) hit a historic high with a market capitalization of 3.74 trillion USD, following an upgrade from Oppenheimer [4]

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Core Insights - As of June 12, a total of 159 stocks reached their 52-week highs, with HPC HOLDINGS (01742), China Ecotourism (01371), and Yunfeng Financial (00376) leading the high rate at 51.28%, 43.10%, and 35.00% respectively [1][2] Stock Performance Summary - **Top Performers**: - HPC HOLDINGS (01742) closed at 0.084 with a peak of 0.118, achieving a high rate of 51.28% [2] - China Ecotourism (01371) closed at 0.670 with a peak of 0.830, achieving a high rate of 43.10% [2] - Yunfeng Financial (00376) closed at 2.730 with a peak of 3.510, achieving a high rate of 35.00% [2] - **Other Notable Stocks**: - Jiuyuan Gene (02566) reached a high rate of 23.08% [2] - Zhangli International (01693) reached a high rate of 21.29% [2] - China Biopharmaceutical (01177) reached a high rate of 16.46% [2] - **Additional Stocks with Significant High Rates**: - Beike Micro (02149) at 14.29% [2] - Rongchang Bio (09995) at 14.16% [2] - Baosaitou-B (02315) at 12.86% [2] - SF Technology (09699) at 12.63% [2] 52-Week Low Summary - **Top Decliners**: - Baide International (02668) reached a low rate of -22.22% [6] - Zhizhong International (06063) reached a low rate of -14.89% [6] - Congyu Zhinu (00875) reached a low rate of -9.23% [6] - **Other Notable Decliners**: - China Greenland Boda Green (01253) at -7.69% [6] - New Qian'an (02573) at -7.66% [6] - Aobang Construction (01615) at -3.85% [6]

Core Viewpoint - The company, Congyu Agriculture Group Limited, has experienced a decline in stock price, reaching a new low, while also facing significant net capital outflow on the trading day [1][2]. Company Overview - Congyu Agriculture Group Limited, formerly known as China Gold Control Investment Group Limited, was established in 1992 and is listed on the Hong Kong Stock Exchange. It is the first agricultural enterprise in Hong Kong to focus on high-standard vegetable planting and sales [2]. - The company has been recognized as a key leading enterprise in agricultural industrialization by both national and provincial authorities, and it plays a significant role in the "vegetable basket" project in the Guangdong-Hong Kong-Macao Greater Bay Area [2]. Business Model and Strategy - The company adopts a "company + base + farmer" industrial development model, emphasizing agricultural standardization and leveraging its advantages in capital, geography, technology, and market [3]. - It aims to enhance food safety and quality through agricultural technology and biological science applications, contributing to sustainable agricultural development in China [3][4]. Product and Service Expansion - The company has expanded its operations from vegetable planting to a full range of agricultural services, establishing a unique product and testing standard system, as well as a smart distribution system [4]. - It provides food ingredient delivery services to major retail chains and online platforms, including Walmart and Meituan, covering five major regions in China [4]. Future Plans - The company plans to create greater value through high-quality agricultural products, industry cooperation, and partnerships, aiming to become a leading agricultural industry group in China [4].

Financial Performance - The Group recorded revenue from Agricultural and Meat Business of approximately HK$1,253.0 million, a decrease of approximately 12.9% from HK$1,439.4 million in the previous year[13]. - The gross profit from Agricultural and Meat Business was approximately HK$45.8 million, slightly up from HK$45.6 million in the previous year[13]. - The Group's revenue decreased by approximately 12.9% to approximately HK$1,253.0 million during the Reporting Period, down from approximately HK$1,439.4 million in the Corresponding Period[24][27]. - Gross profit for the Group increased slightly by approximately 0.5% to approximately HK$45.8 million, compared to approximately HK$45.6 million for the Corresponding Period[27]. - Other income and gains decreased by approximately 78.1% to approximately HK$10.9 million, down from approximately HK$49.8 million in the Corresponding Period, primarily due to the absence of a government grant of HK$31.0 million[35][39]. - Selling and distribution expenses increased by approximately 8.4% to approximately HK$6.7 million, attributed mainly to an increase in staff costs[36][40]. - Administrative and other expenses decreased by approximately 21.6% to approximately HK$38.3 million, mainly due to the absence of consultancy fees of approximately HK$12.0 million[37][40]. - Impairment losses on trade receivables amounted to approximately HK$53.4 million, compared to a reversal of impairment losses of HK$6.7 million in the previous year[38][41]. - The Group recorded a net loss of approximately HK$128.7 million for the Reporting Period, compared to a net profit of approximately HK$51.4 million for the Corresponding Period[42]. - The Group reported a net loss of approximately HK$128.7 million for the reporting period, compared to a net profit of approximately HK$51.4 million in the same period last year[48]. Operational Challenges and Strategies - The operating environment remains challenging due to intensified competition, rising operational costs, and shifting market dynamics[12]. - The company is focusing on enhancing operational efficiency and optimizing cost structures to drive long-term sustainable growth[15]. - The company anticipates continued challenges in the operating environment but is confident in its proactive measures and disciplined management approach[19]. - The Group plans to continue controlling costs and may pursue acquisitions when opportunities arise to strengthen its agricultural and meat business[25][30]. Sustainability and Development Initiatives - There is an emphasis on exploring sustainable farming practices and modernizing operations to meet the demand for high-quality, eco-friendly produce[15]. - The frozen meat trade is being diversified to better serve customers and mitigate risks associated with fluctuating commodity prices and geopolitical uncertainties[15]. - The Group is actively developing its trading of agricultural and meat products, poultry, seafood, and prepared food, and has begun supplying produce to supermarkets and online platforms in the PRC[87][93]. - The Group has established long-term cooperation with various farms and agricultural companies to enhance brand promotion and quality assurance, aiming to build a food supply base in the Greater Bay Area for 120 million people[88][91]. - The Group has secured leases for Macun Reservoir and Longtan Reservoir to advance ecological fishery development, employing sustainable methodologies for superior green aquatic products[92]. - The Group is exploring cooperation models with e-commerce operators to enhance online sales of its agricultural and meat products, diversifying revenue streams[93]. - The Group aims to connect cooperative bases across the country to promote high-quality agricultural products and contribute to rural revitalization[94]. - The Group is seeking vertical integration opportunities, including door-to-door delivery services for its agricultural, seafood, and meat products in the PRC[95]. - The company successfully leased the Ma Village Reservoir and Longtan Reservoir in Conghua, China, to enhance ecological fishery development[97]. - The group plans to utilize advanced ecological breeding technology to create high-quality, environmentally friendly fishery bases, aiming to meet market demand for premium green seafood products[97]. Corporate Governance - The company is committed to maintaining good corporate governance standards with an emphasis on integrity, transparency, and independence[119]. - The company has complied with the Corporate Governance Code during the reporting period, except for deviations regarding the attendance of independent non-executive directors at general meetings and the separation of roles between the chairman and chief executive[120]. - The company periodically reviews its corporate governance practices to ensure compliance with the CG Code[121]. - All directors confirmed compliance with the required standards of the Model Code for Securities Transactions during the reporting period[122]. - The Company has adopted a code of conduct for employees regarding securities transactions to ensure compliance with the Model Code[123]. - The Company has adopted a code of conduct for Directors' securities transactions that meets or exceeds the standards set out in the Model Code for Securities Transactions by Directors of Listed Issuers[146]. - The Board is responsible for maintaining an effective internal control system to safeguard shareholders' investments and the Company's assets[130]. - The Audit Committee reviews the risk management and internal control systems on an ongoing basis, ensuring adequacy of resources and qualifications of staff in accounting and financial reporting[133]. - The Company engages an external consultant for annual internal audits to assess the effectiveness of material controls and risk management functions[141]. - The Group has established risk management procedures to address significant business risks and conducts annual reviews of changes in the business environment[138]. - The internal control systems are designed to provide reasonable assurance against material misstatements and to manage risks rather than eliminate them[140]. - The Company has implemented anti-corruption policies and whistleblowing procedures to encourage reporting of improprieties[131]. - The Group emphasizes a culture of integrity and commitment to high standards of business ethics and corporate governance[148]. - The Company aims for long-term, sustainable growth while considering environmental, social, and governance aspects in its business strategy[149]. Board Composition and Responsibilities - The Board is responsible for overseeing the overall development of the Company's businesses to enhance Shareholders' value, including setting and approving strategic implementation and reviewing financial performance semi-annually[155]. - The Audit Committee reviewed the Group's audited financial results for the year ended December 31, 2024, discussing risk management, internal control, and financial reporting matters[156]. - The Company has adequate resources to continue operational existence for the foreseeable future, adopting the going concern basis in preparing financial statements[157]. - The Company has established procedures for Directors to seek independent professional advice at the Company's expense when necessary[163]. - The roles of Chairman and Chief Executive Officer are separated, with Mr. Lin Yuhao serving as Chairman and co-CEO, which the Board believes facilitates effective execution of business strategies[165]. - The Board currently comprises five Directors, including two executive Directors and three independent non-executive Directors[173]. - As of December 31, 2024, the Board includes three female Directors, maintaining at least one female Director on the Board[174]. - Independent non-executive Directors' service agreements are renewable for two years and subject to retirement by rotation[171]. - The Company received annual confirmations of independence from all independent non-executive Directors, ensuring compliance with Listing Rules[172]. - The Chairman held one meeting with independent non-executive Directors without the presence of other Directors during the Reporting Period[179]. - The Nomination Committee is responsible for assessing the independence of independent non-executive Directors annually[185]. - The independent non-executive Director, Ms. Zhu Rouxiang, did not attend the annual general meeting held on May 31, 2024, due to other commitments[186]. - The procedures for appointment, re-election, and removal of Directors are outlined in the Bye-Laws[188]. - Directors are subject to retirement by rotation at least once every three years, with one-third of Directors retiring each year[181]. - The Company may elect any person to be a Director at general meetings, but such Directors are subject to retirement by rotation[184]. - The Board held four regular meetings and one general meeting during the Reporting Period, with attendance details provided[191]. - All Directors confirmed compliance with Code Provision C.1.4 during the Reporting Period, participating in various training sessions[197]. - The Company Secretary reported on the latest changes in Listing Rules and corporate governance practices to the Directors[194]. - The Board has established four committees: Audit Committee, Corporate Governance Committee, Remuneration Committee, and Nomination Committee to oversee specific aspects of the Company's affairs[200]. - Attendance records for Executive Directors show Mr. Lin Yuhao attended 4 out of 4 regular meetings and 1 out of 1 general meeting[192]. - Non-executive Director Ms. Han Xiuhong attended 3 out of 3 regular meetings before her resignation[192]. - Independent non-executive Directors had varied attendance, with Mr. Li Shaohua attending 3 out of 4 regular meetings[192]. - Directors participated in training types including seminars and reading updates related to directors' duties[198]. - The Company provides a comprehensive induction package for newly-appointed Directors to ensure awareness of responsibilities[193]. - The Board ensures that all Directors have independent access to the Company's senior management[190].

Financial Performance - The company reported a revenue of approximately HKD 1,253,000,000 for the year ended December 31, 2024, a decrease of about 12.9% compared to HKD 1,439,400,000 for the same period last year[4]. - The gross profit for the reporting period was approximately HKD 45,800,000, which is an increase of about 0.5% from HKD 45,600,000 in the previous year[4]. - The net loss for the year was approximately HKD 128,700,000, compared to a net profit of HKD 51,400,000 in the prior year[4]. - Basic loss per share was HKD 32.80, a significant decline from earnings of HKD 12.47 per share in the previous year[6]. - The agricultural and meat products business revenue decreased by about 12.9% to approximately HKD 1,253,000,000, influenced by the economic downturn in China[45]. - The total revenue from other income and gains was HKD 10,873 in 2024, a decrease of 78.1% from HKD 49,816 in 2023[20]. Assets and Liabilities - Total assets decreased to HKD 915,921,000 from HKD 1,275,209,000 year-on-year, indicating a reduction in asset base[7]. - Current liabilities decreased to HKD 568,560,000 from HKD 789,077,000, reflecting improved liquidity management[7]. - The company’s equity attributable to owners decreased to HKD 353,487,000 from HKD 499,856,000, reflecting a decline in shareholder value[8]. - Trade receivables decreased to HKD 238,477,000 in 2024 from HKD 396,841,000 in 2023, indicating a decline of approximately 40%[31]. - The total amount of trade and other receivables was HKD 911,212,000 in 2024, down from HKD 1,135,753,000 in 2023, representing a decrease of about 19.8%[31]. - The total trade payables and notes payable decreased to HKD 165,687,000 in 2024 from HKD 419,042,000 in 2023, a decline of approximately 60.5%[34]. Cash Flow and Financing - The company’s cash and bank balances decreased to HKD 4,575,000 from HKD 7,654,000, indicating a tighter cash position[7]. - The company's financing costs decreased to HKD 18,406 in 2024 from HKD 19,100 in 2023, reflecting a reduction of 3.6%[22]. - The company recorded a significant impairment loss on goodwill amounting to HKD 1,457,000, which was not present in the previous year[5]. - The company reported a significant decrease in interest income from banks, which fell to HKD 25 in 2024 from HKD 1,600 in 2023[20]. - The company's total borrowings at the end of the reporting period were approximately HKD 389,500,000, an increase from HKD 364,700,000 in the previous year[52]. Employee Costs - Total employee costs in 2024 were HKD 17,364, an increase of 72.2% compared to HKD 10,106 in 2023[23]. - Total employee costs during the reporting period amounted to HKD 17,400,000, compared to HKD 10,100,000 in 2023[65]. Strategic Focus and Business Development - The company plans to focus on agricultural product cultivation, processing, and trading, as well as seafood and meat products trading as part of its core business strategy[9]. - The company is actively developing agricultural products and meat products, including poultry, seafood, and prepared foods, and has begun supplying products to supermarkets and online platforms in China[68]. - The company is exploring various cooperation models with e-commerce operators and online sales platforms to enhance online sales of its agricultural and meat products, thereby diversifying its revenue sources[69]. - The company aims to promote high-quality agricultural products into households in the Greater Bay Area, contributing to national rural revitalization and supporting local food security initiatives[69]. Risk Management and Governance - The board is responsible for evaluating and determining the nature and extent of risks acceptable to achieve the group's strategic objectives, ensuring an effective risk management and internal control system is in place[77]. - The audit committee continuously reviews significant risk management and internal control systems, including financial, operational, and compliance controls[78]. - The company has engaged external consultants to perform internal credit review functions and assess the effectiveness of internal control systems and risk management functions annually[78]. - The nature and extent of significant risks faced by the group have not changed during the reporting period, and no significant control deficiencies were identified[78]. Regulatory and Reporting Matters - The company is currently analyzing the impact of the new Hong Kong Financial Reporting Standards on its consolidated financial statements[15]. - The group's financial statements for the year ending December 31, 2024, have been verified by the external auditor, but no assurance is provided on the preliminary announcement[81]. - The company plans to publish its annual results and report on its website and the stock exchange's website at an appropriate time[83]. - Trading of the company's shares was suspended on April 1, 2025, pending the announcement of the annual results for 2024, and will resume on April 23, 2025[85].

Financial Performance - The company reported a revenue of approximately HKD 1,253,000,000 for the year ended December 31, 2024, a decrease of about 12.9% compared to HKD 1,439,400,000 for the same period last year[4]. - The gross profit for the reporting period was approximately HKD 45,800,000, which is an increase of about 0.5% from HKD 45,600,000 in the previous year[4]. - The net loss for the year was approximately HKD 128,700,000, compared to a net profit of HKD 51,400,000 in the prior year[4]. - Basic loss per share was HKD 32.80, a significant decline from earnings of HKD 12.47 per share in the previous year[6]. - The company recorded other income and gains of HKD 10,873,000, down from HKD 49,816,000 in the previous year[5]. - The income tax expense for the year ended December 31, 2024, was HKD 8,327,000, compared to HKD 4,154,000 for 2023, reflecting a significant increase[25]. - The basic loss per share for the year ended December 31, 2024, was HKD (124,383,000), while the basic profit for 2023 was HKD 47,293,000, indicating a substantial decline in profitability[29]. - The total borrowings at the end of the reporting period were approximately HKD 389,500,000, an increase from approximately HKD 364,700,000 in the previous year[52]. - The company's cash and bank balances at the end of the reporting period were approximately HKD 4,600,000, down from approximately HKD 9,800,000 in the previous year[52]. Assets and Liabilities - Total assets decreased to HKD 915,921,000 from HKD 1,275,209,000 year-over-year, indicating a reduction in current assets[7]. - The company's non-current assets decreased to HKD 39,799,000 from HKD 51,076,000, reflecting a decline in property, plant, and equipment[7]. - The company's total equity decreased to HKD 354,665,000 from HKD 500,138,000, indicating a significant reduction in shareholder equity[8]. - Trade and other receivables decreased to HKD 911,212,000 from HKD 1,135,753,000, showing a decline in receivables[7]. - Trade receivables decreased to HKD 238,477,000 in 2024 from HKD 396,841,000 in 2023, showing a reduction of approximately 40%[31]. - The total amount of trade and other receivables was HKD 911,212,000 in 2024, down from HKD 1,135,753,000 in 2023, representing a decline of about 20%[31]. - The accumulated impairment for trade receivables increased to HKD 95,216,000 in 2024 from HKD 41,835,000 in 2023, indicating a rise of approximately 128%[33]. - The total trade payables and notes payable decreased to HKD 165,687,000 in 2024 from HKD 419,042,000 in 2023, reflecting a reduction of about 60%[34]. Employee Costs - Total employee costs in 2024 were HKD 17,364, an increase of 72.2% from HKD 10,106 in 2023[23]. - Total employee costs during the reporting period amounted to HKD 17,400,000, compared to HKD 10,100,000 in 2023[65]. Corporate Changes - The company has undergone a name change from "China Finance Investment Holdings Limited" to "Congyu Intelligent Agricultural Holdings Limited" effective June 19, 2024[9]. - The company changed its name to Congyu Intelligent Agricultural Holdings Limited effective July 15, 2024[57]. Market and Operations - The company has over 90% of its non-current assets and revenue located in China, indicating a strong reliance on the Chinese market[18]. - The company is actively developing agricultural products and meat products, including poultry, seafood, and prepared foods, and has begun supplying products to supermarkets and online platforms in China[68]. - The company has established long-term stable partnerships with multiple nearby farms and agricultural companies to expand its agricultural base, ensuring food safety and supply for 120 million people in the Greater Bay Area[68]. - The company is exploring various cooperation models with e-commerce operators and online sales platforms to enhance online sales of its agricultural and meat products, thereby diversifying its revenue sources[69]. - The company aims to promote high-quality agricultural products into households in the Greater Bay Area, contributing to national rural revitalization and supporting local food security initiatives[69]. - The company is seeking vertical integration business opportunities to increase revenue sources, including providing distribution services for agricultural products, seafood, and meat products in China[69]. Governance and Compliance - The company has complied with the corporate governance code, with some deviations noted regarding the attendance of independent non-executive directors at the annual general meeting[71][72]. - The roles of the chairman and CEO are clearly separated, with the chairman leading the board in policy and strategy formulation, while the CEO is responsible for executing board-approved decisions[73]. - The company has established internal control systems to safeguard shareholder investments and company assets, ensuring effective risk management[75]. - The company has adopted an anti-corruption policy and established a reporting process to encourage employees to report misconduct in a safe and confidential environment[76]. - The board is responsible for evaluating and determining the nature and extent of risks acceptable to the group in achieving its strategic objectives[77]. - The audit committee continuously reviews significant risk management and internal control systems, including financial, operational, and compliance controls[78]. - The group has established risk management procedures to address all significant risks related to its business, with strategies categorized into risk retention, avoidance, sharing, and transfer[77]. - The internal control system is designed to minimize adverse impacts from risks associated with business objectives, providing reasonable but not absolute assurance against material misstatements or losses[78]. - The audit committee consists of three independent non-executive directors, who review the group's consolidated performance and accounting principles during the reporting period[80]. - The external auditor has confirmed that the financial figures for the year ending December 31, 2024, are consistent with the group's consolidated financial statements[81]. Future Plans and Announcements - The company plans to continue controlling costs and leveraging existing resources to enhance the development potential of agricultural products and expand its customer base[45]. - The company will suspend shareholder registration from May 28, 2025, to June 2, 2025, to facilitate attendance at the annual general meeting[82]. - The company plans to publish its annual results and report on its website and the stock exchange's website at an appropriate time[83]. - The board meeting to consider and approve the annual results for 2024 is scheduled for April 22, 2025[84]. - Trading of the company's shares was suspended on April 1, 2025, pending the announcement of the annual results, with a request for resumption submitted for April 23, 2025[85].