Core Points - The article outlines the governance structure and responsibilities of the Board Secretary at Yantai Zhongchong Food Co., Ltd, emphasizing the need for compliance with relevant laws and regulations [1][2][8] Group 1: Governance Structure - The company establishes a Board Secretary position to enhance its corporate governance and clarify the rights and responsibilities associated with this role [1] - The Board Secretary is a senior management position, directly accountable to the Board of Directors, and must adhere to the company's articles of association [1][2] Group 2: Qualifications and Restrictions - The Board Secretary must possess at least a college diploma and have over three years of experience in finance, business management, or equity affairs [2] - Individuals with recent regulatory penalties or who do not meet specific legal criteria are prohibited from serving as Board Secretary [2][3] Group 3: Responsibilities - The primary duties of the Board Secretary include communication with regulatory bodies, managing information disclosure, and coordinating investor relations [3][4] - The Board Secretary is responsible for preparing and submitting meeting documents for shareholder and board meetings, as well as maintaining confidentiality regarding sensitive information [3][4] Group 4: Appointment and Dismissal - The Board Secretary is appointed by the Board Chairman and can be dismissed for valid reasons, with specific conditions outlined for termination [5][6] - In the event of a vacancy, the company must appoint a new Board Secretary within three months and designate an interim representative to fulfill the role [5][6] Group 5: Legal Responsibilities - The Board Secretary has a duty of integrity and diligence, must comply with the company's articles of association, and is responsible for ensuring that delegated tasks are executed lawfully [6][7] - Upon termination, the outgoing Board Secretary must transfer all relevant documents and unresolved matters to the successor [7]

Core Viewpoint - The company aims to establish a scientific, sustainable, and stable dividend mechanism to protect the legitimate rights and interests of small and medium-sized investors, in accordance with regulatory guidelines and its own articles of association [1][2]. Profit Distribution and Cash Dividend Policy - The company prioritizes cash dividends as a method of profit distribution, ensuring continuity and stability in its profit distribution policy while considering long-term interests and overall shareholder benefits [1][2]. - The company can distribute dividends in cash, stock, or a combination of both, with a minimum cash distribution of 10% of the distributable profit if no major investment plans or cash expenditures are anticipated [2][4]. - The cash dividend ratio varies based on the company's development stage and planned expenditures, with a minimum of 80% for mature companies without major expenditures, 40% for mature companies with major expenditures, and 20% for growing companies with major expenditures [2][3]. Dividend Decision and Supervision Mechanism - The company must review its future dividend distribution plan at least every three years, with the board of directors responsible for proposing and submitting the plan for shareholder approval [3][6]. - The board must consider the opinions of small and medium-sized shareholders and ensure transparent communication during the decision-making process regarding profit distribution [6][7]. - The audit committee supervises the execution of the profit distribution policy and provides special comments on any year where profits are made but no distribution proposal is presented [8]. Future Dividend Planning - The board is tasked with developing a three-year dividend plan that outlines specific arrangements and forms of cash dividends, taking into account industry conditions, profitability, and external financing environments [5][6]. - The company is required to disclose the implementation status of its cash dividend policy in its annual report, including any adjustments made to the policy [8].

General Information - Yantai China Pet Foods Co., Ltd. is established as a joint-stock company in accordance with the Company Law and other relevant regulations [1][2] - The company was approved by the China Securities Regulatory Commission to issue 25 million shares of RMB ordinary stock on July 26, 2017, and was listed on the Shenzhen Stock Exchange on August 21, 2017 [1][2] Company Structure - The registered capital of the company is approximately 294.11 million yuan [2] - The company is a permanent joint-stock company, and its assets are divided into equal shares, with shareholders bearing responsibility limited to their subscribed shares [2][3] Business Objectives - The company's business objective is to enhance economic cooperation, introduce advanced management methods and technologies, improve product quality, and develop new products that meet international standards [3] - The company aims to increase its competitiveness in domestic and international markets and provide satisfactory economic returns to investors [3] Share Issuance and Management - The company issues shares in the form of stocks, adhering to principles of openness, fairness, and justice, ensuring equal rights for all shares of the same type [5][6] - The total number of shares issued by the company is approximately 294.11 million, all of which are ordinary shares [7] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including the right to request and attend shareholder meetings [15][16] - Shareholders are obligated to comply with laws and regulations, pay their subscribed capital, and not abuse their rights to harm the company or other shareholders [18][19] Governance and Decision-Making - The company’s governance structure includes a board of directors responsible for major decisions, and shareholders exercise their rights through shareholder meetings [20][21] - Shareholder meetings can be called by the board of directors or by shareholders holding more than 10% of the shares, ensuring that significant decisions are made with adequate representation [25][26] Financial Management - The company can increase its capital through various means, including public offerings and private placements, subject to shareholder approval [8][9] - The company is prohibited from repurchasing its own shares except under specific circumstances, such as dissenting shareholder requests during mergers [10][11] Compliance and Legal Framework - The company must adhere to the legal framework established by the Company Law, Securities Law, and other relevant regulations, ensuring transparency and accountability in its operations [1][2] - Any amendments to the company’s articles of association require approval from the shareholders, maintaining a democratic governance structure [20][21]

Group 1 - The company establishes a performance evaluation and remuneration system for non-independent directors and senior management through the remuneration committee [1][2] - The remuneration committee consists of three directors, with independent directors making up more than half [2][3] - The committee is responsible for formulating performance assessment standards and remuneration policies for directors and senior management [11][12] Group 2 - The remuneration committee has the authority to develop job responsibilities, performance assessment systems, and remuneration standards for non-independent directors and senior management [12][13] - The committee's decisions must comply with relevant laws, regulations, and the company's articles of association [13][14] - The remuneration committee's proposals require approval from the board of directors or the shareholders' meeting [5][6] Group 3 - Meetings of the remuneration committee can be convened as needed, with specific notification requirements [19][20] - A quorum for meetings requires the presence of at least two-thirds of the committee members [27][28] - Decisions made by the committee require a majority vote from the attending members [32][33] Group 4 - The committee must maintain confidentiality regarding its decisions until they are legally disclosed [13][14] - Members with conflicts of interest must disclose their relationships and recuse themselves from voting [48][49] - The committee's meeting records must include details of attendance, discussions, and voting outcomes [44][45]

烟台中宠食品股份有限公司 第一章 总 则 第一条 为明确公司董事会的职责权限，规范公司董事会的议事方式和决策程序， 促使公司董事和董事会有效地履行职责，提高公司董事会规范运作和科学决策水平，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》、 《上市公司章程指引》、《上市公司治理准则》、《深圳证券交易所股票上市规则》（以 下简称"《股票上市规则》"）、《深圳证券交易所上市公司自律监管指引第 1 号-- 主板上市公司规范运作》及《烟台中宠食品股份有限公司章程》 （以下简称"公司章程"） 等有关规定，制定本规则。 第二章 董事会的组成和职权 第二条 公司依法设立董事会，董事会对股东会负责。 第三条 公司董事会由九名董事组成。 董事会中兼任公司高级管理人员以及由职工代表担任的董事人数总计不得超过董 事总数的二分之一。 公司董事会中应当设置独立董事，独立董事人数不得少于董事会成员的三分之一； 公司董事会中设置一名职工代表董事，通过公司职工代表大会选举产生。 第四条 董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （六）制订公司增加或减少注册资本、 ...

Group 1 - The core index of the CSI 1000 major consumer index reported at 7845.59 points, with a decline of 4.42% over the past month and 2.47% over the past three months, while it has increased by 0.26% year-to-date [1] - The CSI 1000 index consists of 10 industry indices selected based on liquidity and market representation, providing diverse investment targets for investors [1] - The top ten holdings in the CSI 1000 major consumer index include: Lao Baigan Wine (4.28%), Lianhua Holdings (3.75%), Biological Shares (3.1%), Zhongchong Shares (3.01%), Shunxin Agriculture (2.86%), Yanjinpuzi (2.81%), Jinhui Industry (2.79%), Shanghai Jahwa (2.53%), Miaokelan Duo (2.52%), and Tangrenshen (2.43%) [1] Group 2 - The market share of the CSI 1000 major consumer index is divided between the Shanghai Stock Exchange (51.18%) and the Shenzhen Stock Exchange (48.82%) [1] - The industry composition of the CSI 1000 major consumer index includes: Food (36.45%), Breeding (25.12%), Alcohol (12.51%), Household Products (10.76%), Planting (8.80%), Beauty Care (4.35%), and Soft Drinks (2.01%) [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December, and can also be adjusted temporarily under special circumstances [2]

Group 1: Core Views - The report maintains an "outperform" rating for the agriculture, forestry, animal husbandry, and fishery sector, highlighting a favorable investment environment for livestock, pet, and pork industries [1][3][12] - The report emphasizes the potential reversal of the beef cycle in 2025, with expectations of rising prices driven by both domestic and international markets [14][21] - The pet industry is identified as a high-growth sector, benefiting from changing consumer demographics and increasing emotional spending [15][18] Group 2: Investment Recommendations - Key recommendations for the livestock sector include Guangming Meat Industry, a rare listed beef company with stable resources from New Zealand, and Muyuan Foods, a leading player in pig farming [1][3][18] - In the pet food sector, Zhongchong Co. is highlighted as a pioneer with synchronized growth in domestic and international markets [1][3][18] - For the pork industry, the report recommends companies such as DeKang Agriculture and Muyuan Foods, which are expected to benefit from improving cash flows and dividend ratios [1][3][16] Group 3: Market Trends and Data - As of June 2025, the average price of live pigs was 14.80 yuan/kg, reflecting a month-on-month increase of 2.85% [2][21] - The report notes a decrease in the price of 7kg piglets to 433 yuan/head, down 13.95% month-on-month, indicating a cautious approach to industry expansion [2][21] - The poultry sector is experiencing increased supply, with expectations of demand recovery, particularly for yellow chickens, which are anticipated to benefit from domestic demand improvements [28][39]

第一章 总则 第一条 为提高公司的规范运作水平，确保信息披露的真实性、准确性、完整性和 及时性，提高年报信息披露的质量和透明度，根据《中华人民共和国公司法》（以下简 称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市公司信 息披露管理办法》（以下简称《管理办法》）、《深圳证券交易所股票上市规则》（以 下简称《上市规则》）等及有关法律、法规和《公司章程》等规定，结合公司实际情况， 制定本制度。 第二条 本制度适用于公司及控股子公司（本制度所称控股子公司是指公司持有其 50%以上的股份，或者能够决定其董事会半数以上成员的当选，或者通过协议或其他安 排能够实际控制的公司）董事、监事、高级管理人员、各子公司负责人、控股股东及实 际控制人，以及与年报信息披露工作有关的其他人员。 烟台中宠食品股份有限公司 年度报告信息披露重大差错责任追究管理制度 第三条 本制度所指责任追究制度是指年报信息披露工作中有关人员不履行或者不 正确履行职责、义务或其他个人原因，对公司造成重大经济损失或造成不良社会影响时 的追究与处理制度。 第四条 本制度所称年报信息披露的重大差错，包括年度财务报告存在重大会计差 错、其他年报 ...

烟台中宠食品股份有限公司 融资与对外担保管理办法 公司直接融资行为不适用本办法。 第三条 本办法所称对外担保，是指公司以第三人身份为他人提供保证、抵押、质 押或其他形式的担保。 公司为自身债务提供担保不适用本办法。 第四条 公司融资及对外提供担保应遵循慎重、平等、互利、自愿、诚信原则。控 股股东及其他关联方不得强制公司为他人提供担保。 第二章 公司融资的审批 第五条 公司财务部作为融资事项的管理部门，统一受理公司各部门的融资申请， 并对该事项进行初步审核后，按本办法第七至八条所规定的权限报公司有权部门审批。 第六条 依据《公司章程》、股东会及董事会的授权，公司融资事项的审批权限如下： （一）单项金额不超过公司最近一期经审计净资产绝对值 1%的融资事项，报总裁 审批，总裁在同一会计年度内行使该决定权的累计金额不得超过公司最近一期经审计净 资产值的 3%； 第一章 总 则 第一条 为规范公司融资和对外担保管理，有效控制公司融资风险和对外担保风险， 保护公司财务安全和投资者的合法权益，根据《中华人民共和国公司法》、《中华人民共 和国证券法》、《中华人民共和国民法典》、《上市公司监管指引第 8 号--上市公司资金往 ...

烟台中宠食品股份有限公司 分红管理制度 第一章 总则 第一条 为进一步规范烟台中宠食品股份有限公司(以下简称"公司")的分 红行为，建立科学、持续、稳定的分红机制，充分保护中小投资者合法权益，公 司根据中国证券监督管理委员会《上市公司监管指引第 3 号——上市公司现金分 红》以及《公司章程》的有关规定，结合公司实际情况，制定本制度。 第二章 利润分配及现金分红政策 第二条 公司应保证利润分配政策的连续性和稳定性，努力实施积极的利润 分配政策，特别是现金分红政策。公司利润分配的基本原则和政策： （一）公司充分考虑对投资者的回报，保持连续性和稳定性的利润分配政策， 同时兼顾公司的长远利益、全体股东的整体利益及公司的可持续发展。公司优先 采用现金分红的利润分配方式。 （二）公司可以采取现金、股票或者现金股票相结合等方式分配股利。公司 若具备现金分红条件的，优先采用现金分红进行利润分配。在满足现金股利分配 的条件下，若公司营业收入和净利润增长快速，且董事会认为公司股本规模及股 权结构合理的前提下，可以在提出现金股利分配预案之外，提出并实施股票股利 分配预案。 （三）公司召开年度股东会审议年度利润分配方案时，可审议批准 ...