Summary of Key Points Core Viewpoint - The Supervisory Board of Yunnan Shennong Agricultural Industry Group Co., Ltd. has verified and publicly announced the list of incentive objects for the 2025 Restricted Stock Incentive Plan, confirming compliance with relevant regulations and the company's articles of association [1][2][3]. Group 1: Public Disclosure and Verification Process - The company held meetings on July 28, 2025, to approve the draft of the 2025 Restricted Stock Incentive Plan and publicly disclosed the list of incentive objects on the Shanghai Stock Exchange website on July 29, 2025 [1]. - The public announcement period lasted from July 29, 2025, to August 7, 2025, allowing employees to raise any objections to the proposed incentive objects [1][2]. - No objections were received from employees during the public announcement period [2]. Group 2: Supervisory Board's Verification Opinion - The Supervisory Board confirmed that all proposed incentive objects are current employees of the company and meet the qualifications stipulated by relevant laws and the company's articles of association [2]. - The basic information of the proposed incentive objects was verified as accurate, with no instances of falsehood or significant misrepresentation [2]. - The proposed incentive objects do not fall under any disqualifying conditions as outlined in the management regulations, such as being subject to market entry bans [2]. - The list of proposed incentive objects excludes independent directors, supervisors, foreign employees, and shareholders or actual controllers holding more than 5% of the company's shares [2][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 Danju District Committee emphasizes the importance of aligning thoughts and actions with the spirit of the conference, focusing on practical implementation of tasks [1] - The district aims to enhance project management and ensure the completion of key projects such as the Hongze Tower upgrade and North Auto power system transformation, targeting at least 10 projects with over 3 billion yuan in total investment [2] - The district is committed to rural revitalization and high-quality agricultural development, with projects including a modern agricultural industry demonstration park and a snail processing center [2] Group 2 - The Xin Feng Town focuses on four key areas: innovation, green development, public welfare, and safety, aiming to enhance local manufacturing and environmental management [3] - The town plans to improve water quality in local rivers and close down polluting brick and tile enterprises, while also constructing a sewage main pipeline [3] - The town is dedicated to enhancing community welfare through various initiatives, including the construction of high-standard farmland and improving living conditions [3] Group 3 - The Shiye Town is committed to maintaining its ecological health strategy, focusing on industrial, public welfare, and party-building initiatives [4] - The town aims to develop tax-generating, ecological, and wealth-creating industries while improving public spaces and environmental governance [4] - Social governance will be enhanced through community mediation and addressing public concerns effectively [4] Group 4 - The Baoyan Town is targeting the development of an agricultural innovation hub, a low-carbon new energy town, and a red cultural tourism town [5] - The town plans to introduce advanced agricultural technologies and develop smart agriculture, while also exploring new paths for industrial land use [5] - The town aims to achieve an average operational income of 2 million yuan per village by 2025 through strategic agricultural partnerships [5] Group 5 - The Guyang Town is focused on promoting integrated development and enhancing infrastructure to support key industrial projects [6] - The town is working on upgrading traditional industries and addressing environmental issues through targeted initiatives [6] - Social governance improvements are being prioritized, including addressing community needs and enhancing safety measures [7]

Meeting Details - The shareholders' meeting was held on July 10, 2025, at the office building of Kunming Henglong Plaza, Yunnan Province [1] - The attendance rate of shareholders was 87.8964% [1] Voting Results - The non-cumulative voting proposal was approved with 98.8654% of A-share votes in favor, 1.0229% against, and 0.1117% abstaining [1] - Another proposal received 99.9549% approval from A-shareholders, with only 0.0265% against and 0.0186% abstaining [1] Legal Compliance - The meeting and voting procedures complied with the Company Law of the People's Republic of China and the company's articles of association, ensuring the legality and validity of the resolutions passed [1]

Group 1 - The company has approved the repurchase and cancellation of a total of 274,594 restricted stocks due to various reasons including employee departures and unmet performance criteria [2][3] - Following the repurchase, the total number of shares will decrease from 524,839,012 to 524,564,418, resulting in a corresponding reduction in registered capital from 524,839,012 yuan to 524,564,418 yuan [3] - The company is notifying creditors that they have 45 days from the announcement date to claim debts or request guarantees due to the reduction in registered capital [3][4] Group 2 - Creditors must provide valid documentation to prove their claims, including contracts and agreements, when submitting their claims [4] - For corporate creditors, additional documents such as a business license and identification of the legal representative are required [4] - The announcement specifies the location for creditors to submit their claims, which is the board office on the 39th floor of the company building [4]

Core Insights - The Guangxi Zhuang Autonomous Region's Natural Resources Department has developed an innovative site selection query system to address long project site selection times, enhancing resource allocation efficiency [1][2] - The department has ensured land use guarantees for 364 major projects, covering approximately 187,900 acres, to support economic growth [1] - A focus on rural revitalization has led to the allocation of 19,800 acres specifically for 33 poverty-stricken counties, facilitating various agricultural and tourism projects [3] Group 1: Major Projects and Land Use - As of May 2024, 200 major projects have received national land use guarantees, with approximately 142,500 acres allocated [1] - The Guangxi Natural Resources Department has implemented a mechanism combining "list management, on-site services, and regular scheduling" to enhance land use support for major projects [1][2] - The department has prioritized land use for key areas, including the China-ASEAN Industrial Cooperation Zone, with specific allocations of 25,000 acres for 2024 and 15,000 acres for the current year [2] Group 2: Rural Revitalization Efforts - The department has allocated 19,800 acres of land use indicators annually for rural revitalization projects in 33 poverty-stricken counties [3] - Specific projects, such as the tea tourism complex in Sanjiang Dong Autonomous County, have been effectively supported through targeted land use allocations [3] - The department has established a requirement for each city to allocate at least 5% of land use indicators for rural industry integration and construction [3][4] Group 3: Policy Innovations and Support - Since December 2023, the Guangxi Natural Resources Department has introduced several policies to strengthen land use guarantees for rural revitalization [4] - The department has initiated a "one-on-one" policy training and service guidance program to facilitate the implementation of these policies [4] - Future plans include leveraging national initiatives to enhance natural resource policy supply, with 23 measures aimed at supporting economic recovery and high-quality development [4]

Meeting Details - The second extraordinary general meeting of shareholders for 2025 will be held on July 10, 2025, at 14:00 [1] - The meeting will take place at the 39th floor conference room of Kunming Henglong Plaza, No. 23 Dongfeng East Road, Panlong District, Kunming, Yunnan Province [1] Voting Procedures - 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][3] - The voting will be conducted both on-site and via the online platform [3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [4][5] Meeting Agenda - The meeting will review proposals that have been approved by the company's board and supervisory board in previous meetings [3] - Related shareholders involved in the restricted stock incentive plan must abstain from voting [3] Attendance Requirements - Shareholders registered by the close of trading on July 4, 2025, are eligible to attend the meeting [5] - Shareholders must complete registration in advance to ensure smooth proceedings [5] Proxy Voting - A proxy can be appointed to attend and vote on behalf of a shareholder, and the proxy does not need to be a shareholder [5][8] - The proxy must present necessary documentation, including a power of attorney and identification [5][9]

Group 1 - The company announced a change in registered capital and amendments to its Articles of Association due to the repurchase and cancellation of restricted stocks [1][2] - A total of 274,594 shares of restricted stock will be repurchased and canceled, resulting in a decrease in the total number of shares from 524,839,012 to 524,564,418 and a reduction in registered capital from RMB 524,839,012 to RMB 524,564,418 [2] - The amendments to the Articles of Association include changes to the registered capital and total number of shares, while other contents remain unchanged and will be submitted for shareholder approval [3]

Group 1 - The company held its fifth supervisory board meeting on June 20, 2025, with all three supervisors present, confirming compliance with relevant laws and regulations [1] - The supervisory board approved the release of restrictions on 958,446 shares of restricted stock for 150 eligible incentive recipients, representing 0.1826% of the company's total share capital [1][2] - The board also agreed to repurchase and cancel 173,394 shares of restricted stock that did not meet the release conditions, ensuring no adverse impact on the company's management stability or financial performance [2][3] Group 2 - The total share capital will decrease from 524,839,012 shares to 524,564,418 shares following the repurchase and cancellation of restricted stock [3] - The company will revise its registered capital accordingly, with the proposal pending approval from the shareholders' meeting [3]

Group 1 - The Jiangsu Provincial Committee emphasizes the importance of demonstrating and exploring experiences in promoting common prosperity for all people [1] - Jiangsu's 85 million cadres and citizens are committed to implementing the strategies laid out in the meeting, focusing on innovative development and creating new pathways for common prosperity [1] Group 2 - Villages in Jiangsu are leveraging local specialties to drive rural revitalization and urban-rural integration, with projects like the Zihu Cultural Tourism Industry Park expected to benefit multiple villages [2] - The village of Zhu Bang has transformed its historical resources into a cultural tourism attraction, aiming to increase collective income by 1.92 million yuan annually through agricultural and cultural initiatives [3] Group 3 - Jiangsu is enhancing its social safety net by addressing urgent issues related to elderly care, childcare, and low-income assistance, ensuring that vulnerable families receive timely support [4][5] - The province has established a comprehensive monitoring system for low-income populations, covering 960,000 individuals, with an average monthly support of 873 yuan for low-income households [5] Group 4 - The "Happiness Meal Project" in Suzhou aims to provide hot meals and various activities for the elderly, with over 8,000 meal service points established to serve 1.4 million seniors [6] - Jiangsu is focusing on building a comprehensive elderly care service system, including home care and meal delivery services for economically disadvantaged seniors [6] Group 5 - Employment stability is a priority in Jiangsu, with significant recruitment efforts in various sectors, including the automotive industry, where nearly 500 positions have been filled [7] - Major projects in the province have completed investments of 231.9 billion yuan, with a 35.5% completion rate, contributing to a rise in employment opportunities [7] Group 6 - New vocational training programs are being implemented to address employment challenges for graduates, with a focus on emerging fields such as BIM technology and smart vehicles [8] - Jiangsu is enhancing its job placement services, aiming to support over 30,000 individuals from disadvantaged backgrounds in finding employment [8] Group 7 - The provincial meeting outlines specific actions to improve basic education and healthcare services, aiming for equitable access to public services [9] - The meeting's directives are seen as a guiding force for Jiangsu's 85 million residents, encouraging them to actively participate in the journey towards common prosperity [9]