Core Points - The board of directors of COFCO Sugar Holdings Co., Ltd. held its 20th meeting of the 10th session on October 13, 2025, and made several important decisions [1][2][3] Group 1: Board Decisions - The board approved the proposal to replace a non-independent director, which will be submitted for review at the upcoming extraordinary shareholders' meeting [1][3] - The board also approved the proposal to convene the 2025 third extraordinary shareholders' meeting, scheduled for November 3, 2025 [4][5] Group 2: Shareholders' Meeting Details - The shareholders' meeting will be held on November 3, 2025, at 1:30 PM at the conference room of COFCO Sugar in Beijing [8][9] - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's online voting system [9][10] - Shareholders must register for the meeting by October 31, 2025, and can delegate their voting rights to a proxy [20][21] Group 3: Director Replacement - The non-independent director, Ms. Xiao Jianping, will resign due to work changes, effective upon the election of a new non-independent director at the shareholders' meeting [31][32] - Mr. Wu Haojun has been nominated as the candidate for the new non-independent director, pending approval at the shareholders' meeting [32][33]

Core Viewpoint - COFCO Sugar announced the nomination of Mr. Wu Haojun as a candidate for the non-independent director of the company's tenth board of directors [2] Company Summary - COFCO Sugar's board of directors has approved the nomination of Mr. Wu Haojun for the position of non-independent director [2]

从资金流向上来看，当日农产品加工板块主力资金净流出1178.04万元，游资资金净流入3503.85万元，散 户资金净流出2325.81万元。农产品加工板块个股资金流向见下表： 证券之星消息，10月13日农产品加工板块较上一交易日下跌0.19%，ST朗源领跌。当日上证指数报收于 3889.5，下跌0.19%。深证成指报收于13231.47，下跌0.93%。农产品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000972 | *ST中基 | 3.83 | 4.93% | 19.60万 | 7405.31万 | | 920273 | 一致魔宇 | 37.72 | 4.23% | 2.71万 | 1.01亿 | | 920371 | 欧福省业 | 10.80 | 1.89% | 5.42万 | 6013.86万 | | 600737 | 中粮糖业 | 16.18 | 1.57% | 52.33万 | 8.36亿 | | 600127 | 金健米业 | 6.85 | 0.88% ...

Group 1 - The core point of the article is that COFCO Sugar Industry (SH 600737) announced the convening of its 20th meeting of the 10th board of directors on October 13, 2025, via communication voting, which included the proposal to hold the third extraordinary shareholders' meeting in 2025 [1] - For the fiscal year 2024, COFCO Sugar's revenue composition is as follows: industrial segment accounts for 70.43%, trading segment for 28.93%, other businesses for 0.46%, and agriculture for 0.18% [1] - As of the report date, COFCO Sugar's market capitalization is 34.6 billion yuan [1]

证券代码：600737 证券简称：中粮糖业 公告编号：2025-031 一、董事离任的基本情况 （一）离任情况 中粮糖业控股股份有限公司 关于更换非独立董事的公告 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个别及连带责任。 中粮糖业控股股份有限公司（以下简称公司）非独立董事肖建平女士因工作 变动原因不再担任公司董事职务。为保障公司平稳规范运行，肖建平女士的离任 自公司股东会选举产生新的非独立董事之日起生效。 | 姓名 | 离任职 务 | 离任时间 | 原定任期 | 离任原因 | 是否继续在上 市公司及其控 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | | | | | 到期日 | | 股子公司任职 | 公开承诺 | | 肖建平 | 非独立 | 自公司股东 会选举产生 | 2026 年 4 日 | 工作变动 | 否 | 否 | | | 董事 | 新的非独立 | 月 17 | | | | | | | 董事之日 | | | | | （二）离任对公司的影响 肖建平女士因 ...

证券代码：600737 证券简称：中粮糖业 公告编号：2025-032 中粮糖业控股股份有限公司 关于召开2025年第三次临时股东会的通知 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、 召开会议的基本情况 (一) 股东会类型和届次 2025年第三次临时股东会 召开的日期时间：2025 年 11 月 3 日 13 点 30 分 召开地点：北京市朝阳区朝阳门南大街 10 号兆泰国际中心 A 座 11 层中糖公 司会议室 股东会召开日期：2025年11月3日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 无 二、 会议审议事项 本次股东会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | A 股股东 | | 累积投票议案 | | | | 1.00 | 关于更换公司非独立董事的 ...

证券代码：600737 证券简称：中粮糖业 公告编号：2025-030 中粮糖业控股股份有限公司 特此公告。 一、审议通过了《关于更换公司非独立董事的议案》。 本议案已经公司第十届董事会提名委员会 2025 年第二次会议审议通过，并 同意提交公司董事会审议。具体内容详见同日刊登在上海证券交易所网站 （http://www.sse.com.cn）的《中粮糖业控股股份有限公司关于更换非独立董 事的公告》（公告编号：2025-031）。 表决结果：8 票同意，0 票反对，0 票弃权。 本议案尚需提交公司 2025 年第三次临时股东会审议。 二、审议通过了《关于提请召开公司 2025 年第三次临时股东会的议案》。 具体内容详见同日刊登在上海证券交易所网站（http://www.sse.com.cn） 的《中粮糖业控股股份有限公司关于召开 2025 年第三次临时股东会的通知》（公 告编号：2025-032）。 表决结果：8 票同意，0 票反对，0 票弃权。 第十届董事会第二十次会议决议公告 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个别及连带 ...

Core Insights - D-Allulose, a new natural sweetener, has been approved for commercial use in China, with significant industry interest and potential applications in food products [1][2][4] Industry Overview - The approval of D-Allulose aligns with the goal of reducing daily sugar intake to 25 grams per person by 2030 as outlined in the Healthy China Action Plan [1] - D-Allulose is recognized for its low-calorie content, being approximately one-tenth the energy of sucrose, and its potential benefits in managing obesity and type 2 diabetes [2] Market Potential - The global market for D-Allulose is projected to reach $14.77 million in 2024, with a compound annual growth rate (CAGR) exceeding 14% from 2025 to 2034 [3] Production and Technology - D-Allulose can be produced through two main methods: fermentation using E. coli and enzyme-catalyzed conversion [4] - Companies like Zhongliang Group have developed proprietary enzymes for D-Allulose production, while others rely on partnerships with research institutions for enzyme sourcing [5][11] Industry Players - Major companies such as Baolingbao, Sanyuan Biotech, and Dongxiao Biotech are expanding their D-Allulose production capabilities, with Baolingbao aiming for an annual capacity of 30,000 tons by 2026 [6][8] - Downstream companies, including Wahaha and Mengniu, are showing interest in testing D-Allulose in their products, although large-scale adoption is still in the experimental phase [7][8] Cost Considerations - The current price of D-Allulose ranges from 20,000 to 24,000 yuan per ton, significantly higher than erythritol, which is around 10,000 yuan per ton [9] - Companies are exploring ways to reduce costs through scale and customized formulations to enhance competitiveness [9][11] Challenges and Risks - The industry faces potential overcapacity risks, as seen with erythritol, which previously experienced a price crash due to oversupply [10] - The successful market penetration of D-Allulose will depend on continuous innovation, cost control, and the establishment of a comprehensive industry ecosystem [11]

Market Overview - The Shanghai Composite Index fell by 0.94% on October 10, with 18 out of the 28 sectors rising, led by the construction materials and coal sectors, which increased by 1.92% and 1.37% respectively [1] - The agriculture, forestry, animal husbandry, and fishery sector also saw a rise of 0.94% [1] - The electronic and electrical equipment sectors experienced the largest declines, with drops of 4.71% and 4.46% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets reached 125.784 billion yuan, with 8 sectors experiencing net inflows [1] - The construction materials sector had the highest net inflow of capital, totaling 418 million yuan, while the agriculture, forestry, animal husbandry, and fishery sector followed with a net inflow of 379 million yuan [1] - A total of 23 sectors saw net capital outflows, with the electronic sector leading at 38.319 billion yuan, followed by the electrical equipment sector with a net outflow of 25.535 billion yuan [1] Agriculture, Forestry, Animal Husbandry, and Fishery Sector Performance - The agriculture, forestry, animal husbandry, and fishery sector had a net inflow of 37.9 million yuan, with 91 out of 105 stocks in the sector rising [2] - Two stocks hit the daily limit up, while 13 stocks declined, with one hitting the daily limit down [2] - The top three stocks with the highest net inflow were Muyuan Foods (1.51 billion yuan), Aonong Biological (1.37 billion yuan), and Zhongchong Co. (707.513 million yuan) [2] Capital Inflow and Outflow in Agriculture, Forestry, Animal Husbandry, and Fishery Sector - The top stocks with capital inflow included: - Muyuan Foods: +0.70%, turnover rate 1.44%, net inflow 150.6898 million yuan - Aonong Biological: +10.04%, turnover rate 6.84%, net inflow 137.3470 million yuan - Zhongchong Co.: +1.57%, turnover rate 3.68%, net inflow 70.7513 million yuan [2] - The top stocks with capital outflow included: - COFCO Sugar: -0.25%, turnover rate 1.58%, net outflow -37.7869 million yuan - New Hope: +0.20%, turnover rate 0.90%, net outflow -23.6733 million yuan - Lihua Co.: +3.52%, turnover rate 2.58%, net outflow -16.6142 million yuan [3]

Core Viewpoint - The agricultural processing sector experienced a slight decline of 0.18% on September 30, with COFCO Sugar leading the losses, while the overall Shanghai Composite Index rose by 0.52% [1][2]. Agricultural Processing Sector Performance - The closing prices and performance of key stocks in the agricultural processing sector are as follows: - Andeli: 44.41, +3.38% - ST Jiawo: 10.50, +2.24% - Chenguang Biological: 13.11, +1.16% - Tianye Co.: 4.38, +1.15% - Guotou Zhonglu: 21.44, +1.13% - Others showed minor fluctuations [1][2]. Capital Flow Analysis - The agricultural processing sector saw a net outflow of 161 million yuan from institutional investors, while retail investors contributed a net inflow of 92.86 million yuan [2][3]. - The detailed capital flow for selected stocks indicates varying levels of institutional and retail participation, with some stocks experiencing significant outflows from institutional investors [3].