Group 1 - The livestock sector experienced a significant surge, with companies like Giant Star Agriculture (603477) hitting the daily limit up, while others such as Xiaoming Co. (300967), Shennong Group (605296), Xiangjia Co. (002982), Muyuan Foods (002714), and Lihua Co. (300761) also saw notable increases in their stock prices [1]

Group 1 - The controlling shareholder, Sichuan Juxing Enterprise Group Co., Ltd. (Juxing Group), holds 150,967,538 shares of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd., accounting for 29.60% of the total share capital [2] - As of the announcement date, Juxing Group has pledged a total of 97,600,000 shares, which represents 64.65% of its holdings [2] - Juxing Group has notified the company about the release of part of its pledged shares and there are no plans for subsequent pledges [2][3] Group 2 - The total share capital of the company is 510,070,294 shares as of May 27, 2025, which is used as the basis for calculating the percentage of shares held [3] - The announcement confirms that there will be timely disclosures if there are any changes regarding the pledged shares in the future [2]

| 股东名称 | 四川巨星企业集团有限公司 | | --- | --- | | 本次解质股份 | 110,000 股 | | 占所持股份比例 | 0.07% | | 占公司总股本比例 | 0.02% | | 解质时间 | 2025 年 5 月 27 日 | | 持股数量 | 150,967,538 股 | | 持股比例 | 29.60% | | 剩余被质押股份数量 | 97,600,000 股 | | 剩余被质押股份数量占其所持股份比例 | 64.65% | | 剩余被质押股份数量占公司总股本比例 | 19.13% | 一、本次股份解除质押情况 本次解除质押股份暂无后续质押计划。未来如有变化，公司将根据实际情况 及时履行信息披露义务。 | 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-049 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 乐山巨星农牧股份有限公司 关于控股股东部分股份解除质押暨延期购回的公告 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 ...

Core Viewpoint - Sichuan Province is advancing high-quality development in the livestock industry through a draft proposal that includes ten measures aimed at enhancing the overall competitiveness of the sector [1] Group 1: Industry Development Measures - The draft proposal focuses on multiple aspects of high-quality development, including production incentive policies, cost reduction for farms, animal disease prevention, and strengthening leading enterprises in the livestock sector [1] - Specific measures include supporting the upgrade of facilities in large-scale farms, promoting mechanization and automation in livestock farming, and fostering strong leading enterprises to enhance industry quality and efficiency [1] - The proposal aims to cultivate well-known regional brands and public brands for Sichuan's livestock products, enhancing their market presence [1] Group 2: Company Responses and Industry Trends - Notable companies in Sichuan, such as New Hope Liuhe Co., Ltd. and Leshan Juxing Agricultural and Animal Husbandry Co., Ltd., are actively pursuing digital transformation and cost reduction strategies that align with the draft proposal [2] - New Hope is integrating AI and IoT technologies into its operations, showcasing its commitment to creating a "smart farming ecosystem" and leading the industry in technological advancements [2] - The industry is moving towards intelligent and intensive development, with expectations of increased production efficiency and concentration of competitive capacity among leading enterprises [3]

Core Viewpoint - The company announces that the "Giant Star Convertible Bond" is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 80% of the conversion price for ten trading days [1] Group 1: Convertible Bond Basic Information - The company issued a total of 1 billion yuan of convertible bonds on April 25, 2022, with a face value of 100 yuan per bond and a six-year term [2] - The bonds were listed on the Shanghai Stock Exchange on May 17, 2022, under the name "Giant Star Convertible Bond" and code "113648" [3] Group 2: Conversion Price Adjustment - The initial conversion price was set at 25.24 yuan per share, which was adjusted to 25.21 yuan per share effective from August 8, 2023, following a profit distribution plan approved at the annual shareholders' meeting [4][5] - The adjustment conditions state that if the stock price is below 80% of the conversion price for at least 15 out of 30 consecutive trading days, the board may propose a downward adjustment of the conversion price [6] Group 3: Triggering Conditions for Price Adjustment - From April 28, 2025, to May 26, 2025, the company's stock price has been below 20.168 yuan (80% of the adjusted conversion price) for ten trading days, indicating a potential trigger for the price adjustment [5][6] - If the stock price continues to meet the criteria in the next 13 trading days, the adjustment clause may be triggered [6] Group 4: Compliance and Disclosure Obligations - The company is required to hold a board meeting on the day the adjustment condition is triggered to decide whether to adjust the conversion price and must disclose the decision by the next trading day [7]

一、 巨星转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）证监许可[2022]663 号核准，公司于 2022 年 4 月 25 日向社会公开发行了面值总额 100,000.00 万元的可 转换公司债券，每张面值为人民币 100.00 元，发行数量 1,000 万张，发行价格为人 民币 100.00 元/张，期限 6 年，本次发行的票面利率：第一年 0.40%、第二年 0.60%、 第三年 1.00%、第四年 1.50%、第五年 2.25%、第六年 3.00%。 | 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-048 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 乐山巨星农牧股份有限公司 关于"巨星转债"预计触发转股价格向下修正条件的 提示性公告 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： "巨星转债"本次触发转股价格向下修正条件的期间从 2025 年 4 月 28 日起算，截止 20 ...

2022 年乐山巨星农牧股份有限公 司公开发行可转换公司债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【66】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归 ...

本次跟踪评级结果：主体信用等级为"AA-"，评级展望为"稳定"；"巨 星转债"的信用等级为"AA-"。 | 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-047 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 乐山巨星农牧股份有限公司 关于可转换公司债券 2025 年跟踪评级结果的公告 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： 前次评级结果：主体信用等级为"AA-"，评级展望为"稳定"；"巨星转 债"的信用等级为"AA-"。 根据《上市公司证券发行管理办法》《公司债券发行与交易管理办法》《上海 证券交易所公司债券上市规则》等相关规定，乐山巨星农牧股份有限公司（以下 简称"公司"）委托信用评级机构中证鹏元资信评估股份有限公司（以下简称"中 证鹏元"）对公司 2022 年公开发行可转换公司债券（以下简称"巨星转债"）进 行了 2025 年跟踪信用评级。 乐山巨星农牧股份有限公司董事会 2025 年 5 月 22 日 公司前次主体 ...

Core Viewpoint - Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. received a warning letter from the Sichuan Securities Regulatory Bureau regarding issues related to goodwill impairment and undisclosed related party transactions [1][2][3] Group 1: Warning Letter Details - The warning letter indicates that the company failed to timely recognize goodwill impairment losses in its poultry segment starting from 2021, which is against the regulations of the Administrative Measures for Information Disclosure and the Accounting Standards for Enterprises [1] - The company did not follow the necessary approval procedures and disclosure obligations for certain related party transactions in 2023, violating the relevant information disclosure management regulations [2] Group 2: Responsibilities and Actions - The former chairman, general manager, and financial director of the company are held responsible for the goodwill impairment issue, while the controlling shareholder and actual controller are responsible for the related party transaction issue [2] - The company and related personnel will take the warning seriously, enhance their understanding of securities laws and regulations, and improve the quality of financial information disclosure [3] - The warning letter will not affect the company's normal production and operation activities, and the company will continue to fulfill its information disclosure obligations in accordance with legal and regulatory requirements [3]

| 证券代码：603477 | 证券简称：巨星农牧 公告编号：2025-046 | | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | 乐山巨星农牧股份有限公司 关于收到四川证监局警示函的公告 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。 乐山巨星农牧股份有限公司（以下简称"公司"或"巨星农牧"）于近日收到 中国证券监督管理委员会四川证监局（以下简称"四川证监局"）出具的《关于对 乐山巨星农牧股份有限公司、四川巨星企业集团有限公司、贺正刚、段利锋、赵志 刚、唐光跃采取出具警示函措施的决定》（[2025]33 号）（以下简称"警示函"）。 现将有关情况公告如下： 一、"警示函"主要内容 "乐山巨星农牧股份有限公司、四川巨星企业集团有限公司、贺正刚、段利锋、 赵志刚、唐光跃： 经查，我局发现乐山巨星农牧股份有限公司存在以下问题： 一、部分商誉减值损失确认不规范 二、部分关联交易未审议未披露 公司 2023 年度部分关联采购未按关联交易履行审批程序及披露义务。不符合 《上市公司信息披露管理办法》第三 ...