Core Viewpoint - The Chinese dairy industry is facing unprecedented operational pressures due to a prolonged downturn, characterized by price wars and weak demand, significantly impacting leading companies like Bright Dairy [2][20]. Group 1: Company Performance - Bright Dairy has experienced a continuous decline in revenue over the past three years, with a reported revenue of 24.28 billion in 2024, down 8.33% from the previous year [14]. - The net profit attributable to shareholders for 2024 was 722 million, reflecting a significant drop of 25.36% compared to the previous year [14]. - The company's sales personnel compensation decreased by 15% to 1.302 billion in 2024, while other employee compensation slightly declined from 521 million to 517 million [2]. Group 2: Market Position - Bright Dairy, once the leader in the dairy sector, has seen its market share eroded by competitors like Yili and Mengniu, with its market share in the low-temperature milk segment at 21% as of 2022, compared to Yili's 26.4% and Mengniu's 21.6% [8][20]. - Despite being the top player in the low-temperature milk market, Bright Dairy's competitive edge is diminishing as new entrants and established brands intensify their marketing efforts [7][8]. Group 3: Marketing Strategy - Bright Dairy has been criticized for its low marketing expenditure, with a sales expense ratio of only 12.3%, significantly lower than competitors like Mengniu and Yili, which spent 24% and 18.6% respectively [11][12]. - The company's cautious approach to marketing and brand promotion has resulted in limited consumer engagement and brand visibility, contributing to declining sales [9][13]. Group 4: Quality and Safety Issues - Bright Dairy has faced multiple food safety issues, including a recent incident where a batch of its plant-based butter was found to exceed peroxide value standards, raising health concerns [17][18]. - The company has been subject to numerous consumer complaints regarding product quality, which could undermine consumer trust and brand reputation [19]. Group 5: Future Outlook - Bright Dairy's attempts to seek growth through international acquisitions, such as the purchase of New Zealand's Newlight, face challenges due to the acquired company's limited competitiveness and financial difficulties [20]. - The industry is shifting from a scale-based competition to a value-based competition, necessitating Bright Dairy to adapt its strategies to regain market influence [20].

Core Points - The candidate for the independent director position at Bright Dairy Co., Ltd. has declared their qualifications and independence, ensuring compliance with relevant laws and regulations [1][4] - The candidate possesses over five years of relevant work experience in legal, economic, accounting, financial, or management fields necessary for fulfilling independent director responsibilities [1] - The candidate confirms that they do not have any relationships that would affect their independence, including not being an employee or major shareholder of the company or its affiliates [1][3] Summary by Sections Qualifications - The candidate has participated in training and obtained certification recognized by the stock exchange [1] - The candidate meets the requirements set forth by various laws and regulations, including the Company Law of the People's Republic of China and the Management Measures for Independent Directors of Listed Companies [1] Independence - The candidate does not fall under any categories that would compromise their independence, such as being a major shareholder or having significant business relationships with the company [1][3] - The candidate has not been subject to any administrative or criminal penalties by the China Securities Regulatory Commission in the last 36 months [2][3] Commitment - The candidate acknowledges the responsibilities of an independent director and commits to providing accurate and truthful statements, understanding the consequences of false declarations [4] - The candidate promises to comply with all relevant laws, regulations, and stock exchange rules during their tenure [4]

Core Viewpoint - The company announces that its wholly-owned subsidiary, Bright Dairy International, is applying for loans from China Construction Bank and Bank of China, with the company providing guarantees for these loans to meet future business development funding needs [1][2]. Loan and Guarantee Overview - Bright Dairy International plans to borrow NZD 90 million (approximately CNY 387 million) from China Construction Bank and NZD 40 million (approximately CNY 172 million) from Bank of China, both with a one-year term and interest calculated at a floating rate of three-month BKBM + 0.75% [2][3]. - The company will provide joint liability guarantees for these loans [2]. Company Background - Bright Dairy International was established on September 30, 2010, with a registered capital of USD 46.75 million, located in Hong Kong, and is fully owned by Bright Dairy [2][3]. Financial Status of Bright Dairy International - As of April 30, 2025, Bright Dairy International had total assets of CNY 253.72 million, total liabilities of CNY 55.53 million, and net assets of CNY 198.19 million [3][4]. - The company reported a net profit of CNY 1.16 million for the period ending April 30, 2025 [3]. Guarantee Details - The total amount of the guarantee provided by the company for Bright Dairy International is NZD 130 million, with no overdue guarantees reported [3][6]. - The company has not provided any counter-guarantees for this loan [5]. Board Approval - The board of directors unanimously approved the proposal for the loans and guarantees, with all seven participating directors voting in favor [6]. Cumulative Guarantee Amount - After this guarantee, the cumulative external guarantee balance of the company and its subsidiaries will be approximately CNY 725.50 million, accounting for 7.66% of the company's latest audited net assets [6][7].

Meeting Information - The 2024 Annual General Meeting (AGM) of Bright Dairy will be held on June 23, 2025, at 13:30 in Shanghai [1][4] - Voting will be conducted through a combination of on-site and online methods [1][4] - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, available from 9:15 to 15:00 on the day of the meeting [1][5] Voting Procedures - Shareholders can vote via the trading system or the internet voting platform, with specific instructions for identity verification for first-time users [5][6] - There are provisions for multiple accounts, ensuring that votes are counted correctly across all holdings [6] - Invalid votes will occur if shareholders exceed their voting rights or duplicate votes through different methods [6][7] Agenda Items - The AGM will review several proposals, including the reappointment of the financial audit and internal control audit institutions for 2025, and the authorization for the board to establish a special committee [2][10] - Proposals have been pre-approved by the board and supervisory committee, with details available in prior announcements [2][10] Attendance Requirements - Shareholders must be registered by the close of trading on June 16, 2025, to attend the meeting [7] - Both natural and legal persons must provide appropriate documentation to participate [7][8] Additional Information - The meeting is expected to last half a day, with attendees responsible for their own travel and accommodation costs [8] - Contact information for inquiries and registration is provided for shareholders [8]

十八次会议（以下简称"本次会议"）于 2025 年 5 月 30 日以通讯方式召开。本 次会议通知和会议材料于 2025 年 5 月 23 日以电子邮件方式发出。本次会议应参 加表决董事七人，实际参加表决董事七人，符合相关法律、法规以及公司《章程》 的规定。 二、董事会会议审议情况 (一)审议通过《关于换届选举公司普通董事的议案》。 同意 7 票、反对 0 票、弃权 0 票。 证券代码：600597 证券简称：光明乳业 公告编号：临 2025-010 号 光明乳业股份有限公司 第七届董事会第二十八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 光明乳业股份有限公司（以下简称"公司"、 "本公司"）第七届董事会第二 本议案已经公司第七届董事会提名委员会第九次会议审议通过。普通董事候 选人均符合相关法律、行政法规、规范性文件对董事任职资格的要求，不存在《公 司法》、公司《章程》规定的不得担任本公司董事的情形，未受到中国证券监督 管理委员会的行政处罚或证券交易所惩戒，不存在上海证券交易所认定不 ...

本人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要 求： 光明乳业股份有限公司 独立董事候选人声明与承诺 本人赵子夜，已充分了解并同意由提名人光明乳业股份有限公司董事会提名 为光明乳业股份有限公司第八届董事会独立董事候选人。本人公开声明，本人具 备独立董事任职资格，保证不存在任何影响本人担任光明乳业股份有限公司独立 董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履 行独立董事职责所必需的工作经验。 （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 （离）休后担任上市公司、基金管理公司独立董事、独立监事的通知》的规定； （五）中共中央组织部《关于进一步规 ...

,现 ,并 ,被 ,与 ,具 : ,熟 ,具 5年 : (一 )《 ; (二 )《 ; (三 )中 ; (四 )中 (离 )休 ; (五 )中 (任 ) ; (六 )中 ; (七)中国人民银行《股份制商业银行独立董事和外部监事制度指引》等的 相关规定: (八)中国证监会《证券基金经营机构董事、监事、高级管理人员及从业人 员监督管理办法》等的相关规定; (九)《银行业金融机构董事(理事)和高级管理人员任职资格管理办法》 《保险公司董事、监事和高级管理人员任职资格管理规定》《保险机构独立董事 管理办法》等的相关规定; (十)其他法律法规、部门规章、规范性文件和上海证券交易所规定的情形。 三、被提名人具备独立性,不属于下列情形: (一)在上市公司或者其附属企业任职的人员及其配偶、父母、子女、主要 社会关系(主要社会关系是指兄弟姐妹、兄弟姐妹的配偶、配偶的父母、配偶的父母、配偶的 兄弟姐妹、子女的配偶、子女配偶的父母等); (二)直接或者间接持有上市公司已发行股份 1%以上或者是上市公司前十 名股东中的自然人股东及其配偶、父母、子女; (三)在直接或者间接持有上市公司已发行股份 5%以上的股东或者在上市 公司前五名股 ...

光明乳业股份有限公司 独立董事候选人声明与承诺 本人毛惠刚，已充分了解并同意由提名人光明乳业股份有限公司董事会提名 为光明乳业股份有限公司第八届董事会独立董事候选人。本人公开声明，本人具 备独立董事任职资格，保证不存在任何影响本人担任光明乳业股份有限公司独立 董事独立性的关系，具体声明并承诺如下： 本人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要 求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 （离）休后担任上市公司、基金管理公司独立董事、独立监事的通知》的规定； （五）中共中央组织部《关于进一步规范党政领导干部在企业兼职（任职） 问题的意见》的相关规定； 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有 5 年以上法律、经济、会 ...

光明乳业股份有限公司 关于光明乳业国际向中国建设银行和中国银行借款 及由本公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、借款及担保背景 光明乳业股份有限公司（以下简称"本公司"或"公司"）全资子公司光明 乳业国际投资有限公司（以下简称"光明乳业国际"）向中国建设银行股份有限 公司上海第五支行借用的 1.30 亿新西兰元借款将于 2025 年 7 月 15 日到期。经 与中国建设银行股份有限公司上海市分行（以下简称"中国建设银行"）和中国 银行股份有限公司上海市分行（以下简称"中国银行"）协商，拟共计申请借款 1.30 亿新西兰元（约等值 5.59 亿人民币），借款期限一年（以下简称"本次借 款"），以替换即将到期的借款，以满足未来业务发展的资金需求。其中：光明乳 业国际拟向中国建设银行申请 9,000 万新西兰元借款，向中国银行申请 4,000 万新西兰元的借款。本次借款由本公司提供担保。 1 被担保人名称：光明乳业国际投资有限公司 本次担保金额及已实际为其提供的担保余额：本次担保金额 ...

一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履 行独立董事职责所必需的工作经验。 本人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要 求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定； 光明乳业股份有限公司 独立董事候选人声明与承诺 本人高丽，已充分了解并同意由提名人光明乳业股份有限公司董事会提名为 光明乳业股份有限公司第八届董事会独立董事候选人。本人公开声明，本人具备 独立董事任职资格，保证不存在任何影响本人担任光明乳业股份有限公司独立董 事独立性的关系，具体声明并承诺如下： （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 （离）休后担任上市公司、基金管理公司独立董事、独立监事的通知》的规定； （五）中共中央组织部《关于进一步规范 ...