新疆赛里木现代农业股份有限公司第八届董事会第十七次会议决议公告

Group 1 - The company held its 17th meeting of the 8th Board of Directors on December 25, 2025, where all 8 directors attended, and the meeting complied with legal requirements [1] - The board approved the proposal to postpone certain fundraising investment projects, which will be submitted for shareholder approval [2][3] - The board also approved the use of idle fundraising funds to temporarily supplement working capital, which will also require shareholder approval [4][5] Group 2 - The company’s wholly-owned subsidiary, Xinjiang XinSai Trading Co., Ltd., has been in a state of continuous losses and initiated bankruptcy liquidation in 2022 due to insufficient assets to cover debts [9] - The bankruptcy process was officially concluded on December 19, 2025, with the company receiving a court ruling to terminate the bankruptcy proceedings [10][12] - The termination of the bankruptcy process and subsequent deregistration will not affect the company's current business operations or financial statements significantly [12] Group 3 - The company plans to extend the timeline for the "Annual Processing of 200,000 Tons of Cottonseed Concentrated Protein and Deep Processing Project" to December 31, 2026, based on prudent principles and current project conditions [21][24] - The delay is attributed to changes in the market environment affecting the cottonseed protein processing industry, including fluctuations in the livestock industry and cautious procurement strategies from downstream customers [25][26] - The company will implement measures to ensure the project is completed on schedule after the extension, including close monitoring of market changes and establishing a special working group for project management [27][28] Group 4 - The company will hold its first temporary shareholders' meeting of 2026 on January 12, 2026, with both onsite and online voting options available [33][34] - The meeting will discuss the proposals that have already been approved by the board, ensuring that all shareholders, including minority investors, can participate in the voting process [38][39]