Core Viewpoint - Shennong Group has decided to terminate its plan for a simplified procedure to issue A-shares to specific investors for the year 2024 and has withdrawn the application due to changes in the market environment and overall development strategy [1][2]. Group 1: Termination of Share Issuance - The company held its fifth board meeting on July 28, 2025, where it approved the resolution to terminate the A-share issuance plan and withdraw the application [1]. - The decision was made after thorough communication and analysis with relevant parties, considering the capital market conditions and the company's development plans [1]. Group 2: Details of the Issuance Plan - The planned issuance involved 12,603,215 shares, which did not exceed 30% of the company's total share capital prior to the issuance, with a proposed price of 23.01 yuan per share [1]. - The intended total subscription amount from the issuance was 290 million yuan, with the net proceeds allocated to various projects including the construction of a pig breeding base and biosecurity upgrades [2]. Group 3: Investors and Underwriters - The investors for this issuance included various asset management companies and investment funds, all subscribing in cash at the same price [2][3]. - The lead underwriter for the issuance was Zhongtai Securities, with designated representatives overseeing the process [3].

Meeting Overview - The third meeting of the fifth Supervisory Board of Yunnan Shennong Agricultural Industry Group Co., Ltd. was held on July 28, 2025, in Kunming, Yunnan Province, with all three supervisors present [1] - The meeting was conducted in accordance with the Company Law and the company's articles of association [1] Approval of Hedging Business - The Supervisory Board approved the company's commodity futures and options hedging business, confirming that the approval procedures comply with national laws and regulations [1] - The company has established a management system for commodity futures hedging business, including risk control measures to effectively manage business risks [1] Stock Incentive Plan - The Supervisory Board reviewed the list of initial grant recipients for the 2025 Restricted Stock Incentive Plan, confirming that the recipients meet the qualifications set forth in relevant laws and regulations [3] - The plan received unanimous approval from the Supervisory Board, with all three votes in favor [2][3] - The company will publicly announce the names and positions of the incentive recipients for a period of no less than 10 days before the third extraordinary shareholders' meeting in 2025 [3]

Group 1 - The company, Yunnan Shennong Agricultural Industry Group Co., Ltd., will hold its third extraordinary general meeting of shareholders on August 14, 2025, at 14:00 [1][3] - The meeting will take place at the 39th floor of the Kunming Henglong Plaza office building, located at 23 Dongfeng East Road, Panlong District, Kunming, Yunnan Province [1][3] - Shareholders can vote through the Shanghai Stock Exchange's online voting system from 9:15 to 15:00 on the day of the meeting [1][4] Group 2 - The agenda includes the review of the 2025 Restricted Stock Incentive Plan (draft) and its summary, the implementation assessment management measures for the incentive plan, and the authorization for the board to handle related matters [2][8] - The voting will involve A-share shareholders, and certain related shareholders must abstain from voting on the incentive plan [2][5] - Shareholders must register in advance to attend the meeting, and those holding multiple accounts can vote through any of their accounts [5][6] Group 3 - The company will provide a reminder service for shareholders to ensure participation, utilizing smart SMS notifications to inform them about the meeting and voting [4][5] - The voting process allows shareholders to express their opinions through both on-site and online platforms, with the first vote being the valid one in case of multiple submissions [5][6] - The company emphasizes the importance of timely registration and participation to facilitate a smooth meeting process [6][7]

Core Viewpoint - The company has established a restrictive stock incentive plan for 2025 to ensure the effective implementation of its development strategy and operational goals, focusing on performance evaluation and incentive mechanisms for its management and key personnel [1][2]. Group 1: Assessment Objectives and Principles - The purpose of the assessment is to enhance the corporate governance structure and improve the performance evaluation system and incentive mechanisms for the management team and core employees, ensuring the successful implementation of the incentive plan and the achievement of long-term strategic goals [1]. - The assessment must adhere to principles of fairness, openness, and justice, linking the incentive plan closely with the performance and contributions of the incentivized individuals to maximize the interests of the company and its shareholders [1][2]. Group 2: Assessment Scope and Institutions - The assessment applies to all individuals participating in the incentive plan [2]. - The Human Resources Department is responsible for the specific assessment work, maintaining assessment results, and preparing performance assessment reports for submission to the Board's Compensation and Assessment Committee [2][5]. Group 3: Performance Evaluation Indicators and Standards - The performance evaluation for the first grant of restricted stocks requires the company to meet one of two conditions for each assessment year, based on 2024 performance: - For 2025, a revenue growth rate of no less than 10% or a pig slaughter volume growth rate of no less than 5% with a breeding cost not exceeding 12.80 yuan/kg [2][3]. - For 2026, a revenue growth rate of no less than 24% or a pig slaughter volume growth rate of no less than 10% with a breeding cost not exceeding 12.50 yuan/kg [2][4]. - For 2027, a revenue growth rate of no less than 64% or a pig slaughter volume growth rate of no less than 15% with a breeding cost not exceeding 12.20 yuan/kg [2][4]. Group 4: Assessment Results and Management - If the company fails to meet the performance targets, all restricted stocks granted to the incentivized individuals for that year will not be released, and the company will repurchase and cancel them at the grant price plus bank interest [4][5]. - The individual assessment results will determine the percentage of restricted stocks that can be released, with categories ranging from "Excellent" (100%) to "Unqualified" (0%) [4][5]. - The assessment results are confidential and must be archived for at least five years, with the Compensation and Assessment Committee retaining all assessment records [5][6].

Major Events - The actual controller, chairman, and CEO of Juran Smart Home, Wang Linpeng, passed away on July 27, 2025. He held a total of 43.93% of the company's shares. The board has appointed Wang Ning as the acting chairman and CEO [3] - Shennong Group has decided to terminate its plan for a specific stock issuance for 2024 due to changes in market conditions and will withdraw its application [5] - Xizhuang Co. plans to establish a joint venture to engage in sustainable aviation fuel-related business with a registered capital of 5 million yuan, where Xizhuang will contribute 1.1 million yuan [6] - Shandong Gold's subsidiary, Shanjin International, intends to issue H-shares and apply for listing on the Hong Kong Stock Exchange [7] - Luopusi Co. plans to acquire a 38.38% stake in Wuhan Senfurui Technology Co. for 8.82 million yuan [8] - Hengxin Life plans to invest no more than 505 million yuan to build a biodegradable product production base in Hefei, Anhui Province [9] - Hetai Machinery announced it has not participated in the Yaxi project construction, which is still in the early stages [10] - Kaishan Co. plans to acquire a 5% stake in SMGP for 3 million USD, resulting in full ownership of the company [11] - Ruian New Materials intends to terminate its raw material project due to uncertainties in the second phase of construction [12] - Zhonghua Equipment plans to purchase 100% equity of Yiyang Rubber Machine and Beihua Machine, with stock resuming trading on July 29, 2025 [13] - Huizhou Intelligent announced that a board member has resigned due to being identified as a dishonest executor [14] - Xuefeng Technology plans to acquire a 51% stake in Shengshi Putian for 154 million yuan [15][16] - Top Cloud Agriculture intends to establish a wholly-owned subsidiary focused on artificial intelligence technology with an investment of 20 million yuan [17] - Shiming Technology's actual controller is under detention, but it does not affect the company [18] - Dahua Intelligent is under investigation by the CSRC for suspected information disclosure violations [19] - Dalian Shengya plans to change its controlling shareholder and will resume trading on July 29, 2025 [20] - Fashilong has signed a share transfer agreement and will resume trading on July 29, 2025 [21] - Guangku Technology plans to acquire control of Anjie Xun, with trading suspended from July 29, 2025 [22] - Tianyi Co. has been selected as a candidate for a procurement project by China Mobile [23] - Zhongtung High-tech's subsidiary plans to implement a 1.4 billion drill bit intelligent manufacturing project with an investment of 178 million yuan [24] Performance Overview - WuXi AppTec reported a net profit of 8.561 billion yuan for the first half of 2025, a year-on-year increase of 101.92% [25] - Sujiao Science and Technology's net profit decreased by 39.54% year-on-year, with a revenue of 1.776 billion yuan [26] - Aide Biology achieved a net profit of 189 million yuan, up 31.41% year-on-year [27] - Huicheng Environmental's net profit dropped by 85.63% year-on-year, with a revenue of 564 million yuan [28] - Haida Group reported a net profit of 2.639 billion yuan, a year-on-year increase of 24.16% [30] Major Contracts - Weiye Co. won a construction project worth approximately 522 million yuan [31] - Fosun Pharma's subsidiary signed a licensing agreement for a drug targeting Alzheimer's disease [32] - Huafeng Aluminum plans to sign a raw material purchase contract with Yulin New Materials, with an estimated total amount exceeding 7.2 billion yuan [33] Shareholding Changes - Suneng Co. plans to reduce its stake by up to 1% [34] - Shengyang Technology's shareholder plans to reduce its stake by up to 1% [35] - Jingquan Hua's shareholder plans to reduce its stake by up to 1% [36] - Tigermed plans to reduce its stake by up to 3% [38] Financing Activities - Huhua Co. plans to raise no more than 586 million yuan through a private placement for various projects [39]

Group 1 - The pig farming industry is increasingly emphasizing "anti-involution" and regulating new production capacity [1][5] - Shennong Group announced the termination of its private placement plan, while Juxing Agriculture extended the authorization period for its private placement [1][3] - Shennong Group's terminated private placement aimed to raise 290 million yuan, with a portion allocated for a pig breeding project [2][3] Group 2 - Shennong Group's new stock incentive plan focuses on revenue, slaughter volume, and breeding costs, without emphasizing growth in pig farming scale [2][3] - Juxing Agriculture's extended private placement authorization is valid until August 22, 2026, reflecting a strategic response to market conditions [3][4] - The Ministry of Agriculture and Rural Affairs is pushing for high-quality development in the pig industry, emphasizing strict capacity control measures [5]

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets announced significant updates, reflecting changes in capital raising strategies, new business ventures, and financial performance for the first half of the year [1][2]. Company Announcements - Shennong Group has decided to terminate its plan for a specific stock issuance for the 2024 fiscal year due to changes in market conditions and overall development strategy, and will withdraw its application from the Shanghai Stock Exchange [3]. - Xizhuang Co. plans to establish a joint venture focused on sustainable aviation fuel, contributing 1.1 million yuan to a total registered capital of 5 million yuan, aiming to expand its technology into new application areas [4]. - Shandong Gold's subsidiary, Shanjin International, intends to issue H-shares and apply for listing on the Hong Kong Stock Exchange, considering market conditions and shareholder interests [5]. - Lopuskin plans to acquire a 38.38% stake in Wuhan Senfori Technology Co. for 8.82 million yuan, enhancing its position in the industrial non-destructive testing equipment sector [6]. - Hengxin Life intends to invest up to 505 million yuan in a biodegradable product production base in Hefei, Anhui Province [7]. - Hetai Machinery confirmed it has not participated in the Yarlung Zangbo River downstream hydropower project, which is still in the early stages of construction [8]. - Kaishan Co. plans to acquire a 5% stake in Sorik Marapi Geothermal Limited in Indonesia for 3 million USD, aiming for full ownership [9][10]. Financial Performance - WuXi AppTec reported a net profit of 8.561 billion yuan for the first half of 2025, a year-on-year increase of 101.92%, with revenue of 20.799 billion yuan, up 20.64% [12]. - Sujiao Technology's net profit decreased by 39.54% year-on-year to 95.3948 million yuan, with revenue down 13.75% to 1.776 billion yuan [13]. - Aide Biology achieved a net profit of 189 million yuan, a 31.41% increase year-on-year, with revenue of 579 million yuan, up 6.69% [14]. Major Contracts - Weiye Co. won a construction project worth approximately 522 million yuan for the Huafa Xiangshan Lake project [16]. - Fosun Pharma's subsidiary signed a licensing agreement for a drug targeting Alzheimer's disease, gaining rights for development and commercialization in China and Hong Kong [17]. - Huafeng Aluminum plans to sign a raw material purchase contract with Yulin New Materials, with an expected total value exceeding 7.2 billion yuan over the contract period from 2025 to 2029 [18]. Shareholding Changes - Suneng Co.'s shareholder, Jiaoyin Investment, plans to reduce its stake by up to 1%, amounting to no more than 6.8888 million shares [20]. - Shengyang Technology's shareholder, Guojiao Beidou, also intends to reduce its stake by up to 1%, equating to no more than 414.98 million shares [22]. Fundraising Activities - Huhua Co. plans to raise up to 586 million yuan through a private placement to fund various projects, including the automation of explosive production lines and warehouse systems [24].

证券简称：神农集团 证券代码：605296 云南神农农业产业集团股份有限公司 2025 年限制性股票激励计划 （草案） 云南神农农业产业集团股份有限公司 二〇二五年七月 云南神农农业产业集团股份有限公司 2025 年限制性股票激励计划（草案） 声 明 本公司及全体董事、监事保证本激励计划及其摘要不存在虚假记载、误导性 陈述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 特别提示 一、本激励计划系依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股权激励管理办法》和其他有关法律、法规、规范性文件，以及《云 南神农农业产业集团股份有限公司章程》制订。 二、本激励计划采取的激励工具为限制性股票。股票来源为云南神农农业产 业集团股份有限公司（以下简称"公司"或"本公司"）向激励对象定向增发和/或二 级市场回购的本公司 A 股普通股股票。 三、本激励计划拟授予的限制性股票数量 850 万股，占本激励计划草案公告 时公司股本总额 52,483.9012 万股的 1.62%。其中首次授予 680 万股，占本激励 计划草案公告时公司股本总额的 1.30%，占本激励计划拟授予权益总额的 80% ...

证券代码：605296 证券简称：神农集团 公告编号：2025-090 公司名称：云南神农农业产业集团股份有限公司 英文名称：Yunnan Shennong Agricultural Industry Group Co.,LTD. 注册地址：中国(云南)自由贸易试验区昆明片区经开区阿拉街道办事处普照 海子片区 14-06-1#地块 云南神农农业产业集团股份有限公司 2025 年限制性股票激励计划（草案）摘要公告 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： 股权激励方式：限制性股票 股份来源：公司向激励对象定向增发和/或二级市场回购的本公司 A 股普 通股股票。 股权激励的权益总数及涉及的标的股票总数：2025 年限制性股票激励计 划（以下简称"本激励计划"）拟授予的限制性股票数量 850 万股，占本激励计 划草案公告时公司股本总额 52,483.9012 万股的 1.62%。其中首次授予 680 万股， 占本激励计划草案公告时公司股本总额的 1.30%，占本激励计划拟授予权益总额 的 80%；预留 170 ...

云南神农农业产业集团股份有限公司 2025 年限制性股票激励计划首次授予激励对象名单 注：1、公司全部在有效期内的股权激励计划所涉及的标的股票总数未超过公司股本总 额的 10%。任何一名激励对象通过全部在有效期内的股权激励计划获授的公司股票数量累计 未超过公司股本总额的 1%。 2、首次授予的激励对象中无公司独立董事、监事、外籍员工，也无单独或合计持有公 司 5%以上股份的股东或实际控制人及其配偶、父母、子女。 3、预留授予部分的激励对象在本激励计划经股东会审议通过后 12 个月内确定，经董事 会提出及监事会发表明确意见、律师发表专业意见并出具法律意见书后，公司按要求及时准 确披露当次激励对象相关信息。 | 165 | 陈永胜 | 中层管理人员/核心骨干 | 166 | 陈德猛 | 中层管理人员/核心骨干 | | --- | --- | --- | --- | --- | --- | | 167 | 颜平平 | 中层管理人员/核心骨干 | 168 | 杨贵伟 | 中层管理人员/核心骨干 | | 169 | 谢春燕 | 中层管理人员/核心骨干 | 170 | 李菲 | 中层管理人员/核心骨干 | | 171 | ...