Core Viewpoint - He Feng Co., Ltd. (禾丰股份) has shown a positive trend in financing activities, with a net financing purchase of 67.85 million yuan on November 19, 2025, indicating strong investor interest [1][4]. Financing Activities - On November 19, 2025, the financing buy amounted to 499.39 million yuan, while financing repayment was 431.55 million yuan, resulting in a net financing purchase of 67.85 million yuan [1]. - The financing balance reached 1.37 billion yuan, with a net increase of 138.77 million yuan over the last three trading days and 14 out of the last 20 trading days showing net financing purchases [1][4]. Margin Trading - On the same day, the margin trading saw a sell-off of 3,800 shares, with a net sell of 3,300 shares, leading to a margin balance of 101.68 million yuan [2][3]. - The margin balance has shown fluctuations, with a total of 12.92 million shares remaining in the margin trading account [3]. Market Sentiment - The increase in financing balance by 0.52% on November 19, 2025, suggests a bullish market sentiment, as investors are leaning towards buying [4][5]. - The overall trend indicates that the market is currently more favorable for buyers, as evidenced by the consistent net financing purchases over the recent trading days [1][5].

Group 1 - The company announced the resignation of Mr. Chen Yu from his position as a non-independent director due to internal governance structure adjustments, effective immediately upon receipt of his resignation letter [2] - Mr. Chen's resignation will not affect the minimum number of directors required by law, nor will it impact the normal operation and governance of the company's board [2] - The company held its first employee representative meeting on November 17, 2025, where Mr. Chen was elected as the employee representative director for the eighth board, serving until the term of the board ends [3] Group 2 - Mr. Chen Yu meets the qualifications and conditions for serving as an employee representative director as stipulated by the Company Law and the company's articles of association [3] - Following Mr. Chen's election, the eighth board will consist of nine directors, with the number of directors who are also senior management and employee representatives not exceeding half of the total board members, in compliance with relevant laws and regulations [3] - Mr. Chen holds a master's degree from Shanghai University of Finance and Economics and has a background in auditing and financial management, currently serving as the company's board secretary and financial director [5]

Core Viewpoint - He Feng Co., Ltd. has elected Mr. Chen Yu as the employee representative director for its eighth board of directors [1] Company Summary - He Feng Co., Ltd. announced the election of Mr. Chen Yu as a member of its board, indicating a potential shift in governance and representation [1]

Core Insights - The feed sector experienced a slight increase of 0.07% on November 17, with Tianma Technology leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Feed Sector Performance - Tianma Technology (603668) closed at 15.33, up 6.16% with a trading volume of 898,500 shares and a transaction value of 1.402 billion [1] - Other notable performers included: - Zhongchong Co., Ltd. (002891) at 59.69, up 3.86% [1] - Zhenghong Technology (000702) at 7.65, up 1.06% [1] - Petty Holdings (300673) at 17.70, up 0.91% [1] - Guibao Pet (301498) at 72.62, up 0.54% [1] Capital Flow Analysis - The feed sector saw a net outflow of 118 million from institutional investors and 78.86 million from retail investors, while retail investors had a net inflow of 197 million [2] - The capital flow for key stocks included: - Tianma Technology had a net inflow of 1.03 billion from institutional investors, but a net outflow of 130 million from retail investors [3] - Haida Group (002311) had a net inflow of 11.08 million from institutional investors [3] - Other stocks like Petty Holdings and Zhenghong Technology experienced net outflows from institutional investors [3]

| | 离任职 | | 原定任 期到期 | 离任原因 | 是否继续在 上市公司及 | 具体职务 | 是否存 在未履 行完毕 | | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 务 | 离任时间 | 日 | | 其控股子公 司任职 | | 的公开 承诺 | | | 非独立 | 2025 年 11 | 2027 年 2 | 公司内部 | | 本公司职 工代表董 | | | 陈宇 | 董事 | 月 17 日 | 月 1 日 | 治理结构 调整 | 是 | 事、董事 会秘书、 财务总监 | 否 | （二）离任对公司的影响 禾丰食品股份有限公司（以下简称"公司"）董事会于 2025 年 11 月 17 日收 到陈宇先生提交的书面辞职报告。因公司内部治理结构调整，陈宇先生申请辞去 公司第八届董事会非独立董事职务。该辞职报告自送达公司董事会之日起生效。 陈宇先生辞任非独立董事职务不会导致公司董事会成员低于法定最低人数，不会 影响公司董事会的正常运行，亦不会对公司的规范运作和日常运营产生不利影响。 | 证券代码：603609 | 证券简称：禾丰股份 | 公告编 ...

Core Points - The company held its fourth extraordinary general meeting of shareholders on November 14, 2025, with no resolutions being rejected [2][3] - The meeting was attended by 8 out of 9 directors and 2 out of 3 supervisors, with some participating via video [4] - The company approved several resolutions, including the cancellation of the supervisory board and a reduction in registered capital [5][6] Meeting Details - The meeting took place at the company's office in Shenyang, Liaoning Province [2] - A total of 851,428,601 shares were eligible to vote, excluding shares in the company's repurchase account and employee stock ownership plan [2] - The voting method combined on-site and online voting, complying with the Company Law and the company's articles of association [3] Resolutions Passed - The following resolutions were approved: 1. Cancellation of the supervisory board and reduction of registered capital [5] 2. Amendments to the rules of shareholder meetings [6] 3. Amendments to the rules of board meetings [6] 4. Amendments to the independent director working rules [6] 5. Amendments to the related party transaction management system [6] 6. Amendments to the external guarantee management system [6] 7. Amendments to the fundraising management measures [6] 8. Increase in the number of guaranteed objects within the 2025 guarantee limit [6] 9. Repurchase and cancellation of part of the stock from the 2024 employee stock ownership plan [6][7] Legal Verification - The meeting was witnessed by Beijing Dacheng (Shenyang) Law Firm, confirming that the procedures complied with legal and regulatory requirements [8]

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、通知债权人的原因 证券代码：603609 证券简称：禾丰股份 公告编号：2025-118 债券代码：113647 债券简称：禾丰转债 禾丰食品股份有限公司 关于回购注销2024年员工持股计划部分股票减资 暨通知债权人的公告 禾丰食品股份有限公司（以下简称"公司"）分别于 2025 年 10 月 28 日召 开第八届董事会第十四次会议，于 2025 年 11 月 14 日召开 2025 年第四次临时股 东大会，审议通过了《关于回购注销 2024 年员工持股计划部分股票的议案》。 因公司 2024 年员工持股计划第一个解锁期已满一年且解锁条件未成就，公司拟 以 5.15 元/股的价格回购员工持股计划账户中第一个解锁期所涉及的 4,200,000 股股票，并办理注销手续，相应减少注册资本 4,200,000 元。以现有总股本为基 数，公司总股本将由 912,491,034 股变更为 908,291,034 股。 二、需债权人知晓的相关信息 公司本次回购注销 2024 年员工持股计划 ...

| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2025-117 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 2025年第四次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 11 月 14 日 (二)股东大会召开的地点：辽宁省沈阳市沈北新区辉山大街 169 号禾丰股份 综合办公大楼 7 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 142 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 399,048,069 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 46.8680 | | 份总数的比例（%） | | 注：有权出席本次股东大会并投票的公司股份总数为 851,428, ...

禾丰股份 2025 年第四次临时股东大会法律意见书 北京大成（沈阳）律师事务所 关于禾丰食品股份有限公司 2025 年 第四次 临时股东大会 的 法律意见书 北京大成（沈阳）律师事务所 www.dentons.cn 沈阳市沈河区青年大街 1 号市府恒隆广场办公楼 1 座 42、43 层（110063） 42F,Tower1,Forum 66 Office Building,No.1 Qingnian Street,Shenhe District Shenyang,China 110063 Tel:8624-23985265 Fax:8624-23985573 2025 年第四次临时股东大会的法律意见书 致：禾丰食品股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文 件的要求，北京大成（沈阳）律师事务所（以下简称"本所"）接受禾丰食品股份 有限公司（以下简称"公司"）的委托，指派律师参加公司 2025 年第四次临时股 东大会（以下简称 ...

Core Insights - The feed sector experienced a decline of 0.24% on November 14, with Zhongchong Co., Ltd. leading the losses [1][2] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Market Performance - Tianma Technology (603668) saw a price increase of 3.29%, closing at 14.44, with a trading volume of 446,400 shares and a turnover of 642 million yuan [1] - Other notable gainers included Kesi Thought (001313) with a 3.16% increase and Baiyang Co., Ltd. (002696) with a 0.84% increase [1] - Zhongchong Co., Ltd. (002891) led the declines with a drop of 2.53%, closing at 57.47, with a trading volume of 33,300 shares and a turnover of 193 million yuan [2] Capital Flow - The feed sector experienced a net outflow of 80.91 million yuan from institutional investors and 50.57 million yuan from retail investors, while individual investors saw a net inflow of 131 million yuan [2] - Tianma Technology had a net inflow of 32.96 million yuan from institutional investors, while Hai Da Group (002311) had a net inflow of 15.96 million yuan [3] - Conversely, companies like Boen Group (001366) and Hefa Co., Ltd. (603609) experienced significant net outflows from institutional and retail investors [3]