兰州黄河企业股份有限公司 第十二届董事会第十九次会议 决议公告

Group 1 - The company held its 19th meeting of the 12th Board of Directors on December 16, 2025, to discuss urgent matters, with all 9 directors present [2][3][4] - The board unanimously approved the proposal to participate as an investor in the bankruptcy restructuring of Zhongning Hengxing Juice Co., Ltd., with a vote of 9 in favor, 0 against, and 0 abstentions [5][6][11] - The company aims to enhance its juice business capacity and strengthen its operational layout in the core apple production area by participating in the restructuring [10][15] Group 2 - The restructuring of Hengxing Juice was initiated due to its inability to repay debts, leading to a court-ordered bankruptcy process starting on March 3, 2023, and a restructuring plan approved on September 25, 2023 [10] - The company submitted its application to participate in the restructuring on December 17, 2025, and received a notification indicating it is the first alternate investor [12][14] - The company believes that its participation in the restructuring will improve its control over raw material supply and reduce operational costs, while also providing support for expanding high-value juice categories [15]