Core Viewpoint - The announcement details the first vesting results of the 2022 restricted stock incentive plan for Jiangsu Lihua Food Group Co., Ltd, indicating that a total of 9.62514 million shares will be vested on June 10, 2025, with no lock-up period for the vested shares [1][2][3]. Summary by Sections Incentive Plan Overview - The 2022 restricted stock incentive plan was approved by the board and shareholders, targeting directors, senior management, and key technical/business personnel, excluding independent directors and supervisors [2][3]. - The total number of shares granted under the plan is 1,035.80 million, with 13.68% reserved for future grants [3][4]. Vesting Details - The first vesting date is set for June 10, 2025, with a total of 9.62514 million shares to be vested, representing 1.16% of the company's total share capital [1][2]. - The number of individuals eligible for this vesting is 511, with 446 receiving shares from the initial grant and 116 from the reserved grant [1][2]. Conditions for Vesting - The vesting of restricted stocks is contingent upon meeting specific performance criteria, including financial performance metrics over the 2022-2024 period [10][26]. - The company must achieve a cumulative net profit of no less than 2 billion yuan or a revenue growth rate of at least 25% based on 2021 figures [26]. Changes in Grant and Vesting - The initial grant amount was adjusted from 1,033.40 million shares to 1,860.12 million shares, with the grant price revised from 20.73 yuan to 10.27 yuan per share [16][19]. - Following the adjustments, the number of individuals eligible for the initial grant decreased from 503 to 471 due to various reasons, including resignations and performance evaluations [19][28]. Legal and Compliance Aspects - The company has complied with relevant laws and regulations regarding the incentive plan, and the adjustments and vesting have received necessary approvals [37]. - The vested shares will not have a lock-up period, but there are restrictions on the transfer of shares by directors and senior management [34][36].

证券代码：300761 证券简称：立华股份 公告编号：2025-044 江苏立华食品集团股份有限公司 关于2022年限制性股票激励计划首次及预留授予部分第一个 归属期归属结果暨股份上市的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 本次归属日：2025 年 6 月 10 日 本次归属数量：共计 962.514 万股，占目前公司总股本的 1.16%；其中首 次授予部分 829.35 万股，预留授予部分 133.164 万股。 本次归属人数：511 人；其中首次授予部分 446 人，预留授予部分 116 人 （51 名激励对象本次同时归属首次及预留部分限制性股票）。 本次归属的限制性股票不设限售期，激励对象为董事、高级管理人员的按 照相关规定执行。 江苏立华食品集团股份有限公司（以下简称公司）于 2025 年 5 月 29 日分别 召开第四届董事会第六次会议、第四届监事会第六次会议，审议通过《关于 2022 年限制性股票激励计划首次授予部分第一个归属期符合归属条件的议案》《关于 2022 年限制性股票激励计划预留授予部分第一个归属期符合归属 ...

Core Viewpoint - Lihua Co., Ltd. reported a decline in average sales prices for both yellow feathered chickens and pork in May 2023, while sales volumes increased, indicating a "volume up, price down" scenario [1][2]. Sales Performance - In May, Lihua sold 47.71 million meat chickens, generating sales revenue of 1.118 billion yuan, with an average sales price of 10.67 yuan/kg, reflecting a year-on-year decrease of 20.96% in price but a volume increase of 15.03% [1]. - For pork, Lihua sold 127,700 pigs in May, with sales revenue of 241 million yuan and an average price of 14.87 yuan/kg, showing a year-on-year price decline of 9.22% but a volume increase of 36.29% [2]. Market Analysis - Analysts noted that the yellow feathered chicken market is experiencing low price fluctuations due to seasonal demand and increased supply capacity, leading to short-term price pressure [1][2]. - The pork market is currently in a phase of ample supply and declining prices, with the overall trend showing an "M-shaped" price movement throughout May [3]. Future Outlook - Analysts predict that yellow feathered chicken prices will stabilize with potential minor fluctuations, but significant price increases seen in previous years are unlikely to recur [2]. - The pork market is expected to maintain profitability for producers, although some small-scale farms are accelerating the culling of sows due to market conditions [3]. Cost Management - Companies are focusing on cost reduction and efficiency improvements, including enhancing breeding rates and lowering feed conversion ratios to mitigate price volatility risks [3].

Group 1 - Baiyunshan received drug registration certificate for Tadalafil tablets (2.5mg, 5mg) from the National Medical Products Administration, indicating its entry into the erectile dysfunction treatment market [1] - Huayin Power plans to invest approximately 1.398 billion yuan in three renewable energy projects with a total installed capacity of 230 MW [2] - GAC Group reported a 24.8% year-on-year decline in May automobile sales, with total sales of 117,700 units [3] Group 2 - Honghui Fruits and Vegetables announced a potential change in control due to share transfer negotiations, leading to a temporary suspension of its stock and convertible bonds [4] - Fuyuan Pharmaceutical's subsidiary received a drug registration certificate for Bromhexine Hydrochloride oral solution, aimed at treating respiratory diseases [5][6] - Jianghan New Materials plans to repurchase shares worth 200 million to 400 million yuan, with a maximum price of 30 yuan per share [7][8] Group 3 - Sinan Navigation received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau due to multiple issues in its 2024 annual report [9][10] - Hesheng Co. received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [11] - Daqin Railway reported a 1.85% year-on-year decrease in cargo transportation volume in May, totaling 32.96 million tons [13] Group 4 - Ningbo Construction's subsidiary won a design and construction project with a bid of 787 million yuan [14] - Yuehongyuan A announced the termination of a major asset restructuring plan due to failure to reach an agreement on key terms [15][16] - Mingyang Smart Energy reached a 190 million yuan repurchase agreement with Haiji New Energy [18] Group 5 - CNE Group's subsidiary plans to reduce registered capital from 430 million yuan to 330 million yuan [19] - ST Baili received an administrative penalty for failing to disclose non-operating fund occupation matters, resulting in a fine of 4 million yuan [21] - Baichuan Co. completed the repurchase of a 7.14% stake in its subsidiary for 50 million yuan [22] Group 6 - Dongrui Co. reported May sales of 155,400 pigs, generating revenue of 203 million yuan, a decrease of 8.77% month-on-month [25][26] - Pengding Holdings reported a 22.43% year-on-year increase in May consolidated revenue, totaling 2.598 billion yuan [27] - Dabeinong reported May sales of 727,600 pigs, with total revenue of 1.248 billion yuan [28] Group 7 - Lihua Co. reported a 4.77% year-on-year decrease in May chicken sales revenue, totaling 1.118 billion yuan [29][30] - Jindan Technology plans to use up to 300 million yuan of idle funds for entrusted wealth management [31] - Youxunda won a project from the State Grid worth approximately 176 million yuan [33][34] Group 8 - Shenglan Co. received approval for its convertible bond issuance from the Shenzhen Stock Exchange [35][36] - Jingfang Technology's shareholder plans to reduce holdings by up to 2% of the company's shares [37] - Shiji Information's subsidiary signed a significant contract with Marriott for cloud services [39] Group 9 - Northeast Securities' subsidiary plans to terminate its listing on the New Third Board [40] - Yaji International's supervisor is under investigation for insider trading [42][43] - Yian Technology signed a strategic cooperation framework agreement with Shenzhen Hive Interconnect Technology [44] Group 10 - Jinyu Group's subsidiary acquired a real estate project for 3.364 billion yuan [46][47] - Kaiweite's major shareholder plans to reduce holdings by up to 3% of the company's shares [48] - Ningbo Energy's subsidiary plans to publicly transfer fixed assets valued at approximately 17.4372 million yuan [49]

Core Insights - The company Lihua Co., Ltd. (300761) reported sales of 47.71 million meat chickens in May 2025, generating a revenue of 1.118 billion yuan, with an average selling price of 10.67 yuan per kilogram [1] - The month-on-month changes for chicken sales volume, revenue, and average price were 4.98%, -0.62%, and -4.73% respectively, while year-on-year changes were 15.03%, -4.77%, and -20.96% [1] - In May, the company sold 127,700 meat pigs, resulting in a revenue of 241 million yuan, with an average selling price of 14.87 yuan per kilogram [1] - The month-on-month changes for pig sales volume, revenue, and average price were -24.44%, -23.97%, and -1.39% respectively, while year-on-year changes were 36.29%, 24.23%, and -9.22% [1]

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300761 证券简称：立华股份 公告编号：2025-045 江苏立华食品集团股份有限公司 2025 年 5 月销售情况简报 一、2025 年 5 月销售情况 江苏立华食品集团股份有限公司（以下简称公司）2025 年 5 月销售肉鸡（含 毛鸡、屠宰品及熟制品）4,771.05 万只，销售收入 11.18 亿元，毛鸡销售均价 10.67 元/公斤，环比变动分别为 4.98%、-0.62%、-4.73%，同比变动分别为 15.03%、-4.77%、 -20.96%。 公司 2025 年 5 月销售肉猪 12.77 万头，销售收入 2.41 亿元，肉猪销售均价 14.87 元/公斤，环比变动分别为-24.44%、-23.97%、-1.39%，同比变动分别为 36.29%、 24.23%、-9.22%。 二、原因说明 2025 年 5 月，公司肉猪销量同比增长，主要原因为公司投苗量提升。 三、销售情况汇总 （一）公司肉鸡销售情况汇总如下： | 月份 | | 肉鸡销量（万只） | | 销售收入（亿元） | 毛鸡销 ...

Group 1 - The actual controller of the company, Cheng Lili, pledged 32.5 million shares, accounting for 12.03% of his holdings and 3.93% of the company's total share capital [1] - The pledge is intended to replace a previous pledged loan, with the pledge starting on May 28, 2025, and expiring on May 28, 2026 [1] - Cheng Lili holds a total of 270 million shares, representing 32.64% of the company [1] Group 2 - After this pledge, Cheng Lili has cumulatively pledged 75.56 million shares, which is 27.97% of his holdings and 9.13% of the company's total share capital [1] - The pledge is managed by Caitong Securities Asset Management Co., Ltd. [1]

一、股份质押的基本情况 | 股东 | 是否为控 股股东或 | 本次质押数 | 占其所 | 占公司 | 是否为 限售股 （如 | 是否 为补 | 质押起始 | 质押到期 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 第一大股 | 量（股） | 持股份 | 总股本 | 是，注 | 充质 | 日 | 日 | 质权人 | 用途 | | | 东及其一 致行动人 | | 比例 | 比例 | 明限售 | 押 | | | | | | | | | | | 类型） | | | | | | | 程立力 | 是 | 15,000,000 | | | | | | | 财通证 | 置换 | | | | | 5.55% | 1.81% | 否 | 否 | 2025 年 5 | 2026 年 5 | 券资产 | 前期 | | | | | | | | | 月 28 日 | 月 28 日 | 管理有 | 质押 | | | | | | | | | | | 限公司 | 贷款 | | 程立力 | | | | | | | | | 财 ...

江苏立华食品集团股份有限公司 第四届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏立华食品集团股份有限公司（以下简称公司）第四届董事会第六次会议 于 2025 年 5 月 26 日以电话、书面及邮件形式通知全体董事，于 2025 年 5 月 29 日下午在公司会议室以现场结合通讯表决的方式召开。本次会议应出席董事 9 名，实际出席董事 9 名。公司监事及高级管理人员列席了会议。会议由程立力先 生主持，本次会议出席人数、召开程序、议事内容均符合《中华人民共和国公司 法》（以下简称《公司法》）和《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事认真审议，充分讨论，对以下议案进行了表决，形成决议如下： 1、审议通过《关于调整 2022 年限制性股票激励计划授予价格的议案》 证券代码：300761 证券简称：立华股份 公告编号：2025-037 由于预留授予的 7 名激励对象因个人原因离职已不符合激励对象资格，其全 部已获授但尚未归属的 12.096 万股第二类限制性股票不得归属，并作废失效； 预留授予 ...

北京市中伦律师事务所 关于江苏立华食品集团股份有限公司 2022 年限制性股票激励计划授予价格调整、首次授 予部分第一个归属期与预留授予部分第一个归属期 归属条件成就及部分限制性股票作废事项的 法律意见书 $$=\mathbf{O}-\exists i\nexists\exists i\exists j$$ 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty | 一、本次调整、归属及作废的批准与授权 4 | | --- | | 二、本次调整的具体情况 6 | | 三、本次归属的具体情况 8 | | 四、本 ...