Group 1 - The company has completed the cancellation of the fundraising special account for the public issuance of convertible bonds, with all funds utilized and corresponding regulatory agreements terminated [6][12] - The total amount of convertible bonds issued was RMB 1 billion, with a net fundraising amount of RMB 987.77 million after deducting issuance costs [1][5] - The company signed a tripartite supervision agreement for the management of the fundraising account with the underwriter and the bank [2][9] Group 2 - The company has also completed the cancellation of the fundraising special account for the non-public issuance of shares, with a net fundraising amount of RMB 408.23 million after deducting issuance costs [8][11] - The company signed a tripartite supervision agreement for the management of the fundraising account for the non-public issuance with the underwriter and the bank [9][10] - The funds from the non-public issuance were received on June 28, 2021 [8] Group 3 - The company has provided guarantees for its subsidiaries, including a total guarantee amount of RMB 3.84 million for various bank acceptance bills and loans [15][18] - The company has a total external guarantee balance of RMB 2.26 billion, accounting for 68.61% of the latest audited net assets [23] - The company ensures that the guarantees provided are necessary for the daily operations of its subsidiaries and do not harm the interests of minority shareholders [21][22]

Core Viewpoint - The company, Leshan Juxing Agricultural and Animal Husbandry Co., Ltd., has provided a series of guarantees for its subsidiaries to secure financing from various banks, totaling significant amounts in recent months [2][3][4][5][6]. Summary by Sections Guarantee Basic Information - On March 19, 2025, the company signed a guarantee contract with CITIC Bank Chengdu Branch for a total amount of RMB 11.5 million for its subsidiary [2]. - On June 19, 2025, a guarantee contract was signed with Ping An Bank Chengdu Branch for RMB 12.6 million for another subsidiary [2]. - Additional guarantees were provided in July and August 2025, totaling RMB 2 million and RMB 0.5 million respectively for different financing needs [2]. Recent Guarantee Developments - On September 4, 2025, a guarantee of RMB 10 million was signed with Ping An Bank for another subsidiary's working capital loan [3]. - On September 8, 2025, a guarantee of RMB 20 million was signed with Huishang Bank for a subsidiary [3]. - On September 15, 2025, a guarantee of RMB 30 million was signed with Shanghai Bank for another subsidiary [3]. - Additional guarantees were signed with CITIC Bank and Huaxia Bank in September 2025, each for RMB 10 million [4]. Internal Decision-Making Process - The guarantees were approved by the company's board meetings held on April 25, 2025, and July 28, 2025, and were subsequently ratified by the annual and interim shareholder meetings [4]. Guarantee Necessity and Reasonableness - The guarantees are deemed necessary for the daily operations of the subsidiaries and align with the company's overall interests and development strategy [10]. - The company maintains control over the guaranteed entities, which have good credit status and strong repayment capabilities, ensuring manageable risk [10]. Cumulative Guarantee Amounts - As of September 30, 2025, the total guarantee balance provided by the company and its subsidiaries amounted to RMB 2,256.79 million, representing 68.38% of the company's latest audited net assets [12]. - Guarantees to subsidiaries accounted for RMB 2,179.10 million, while guarantees to quality breeding households and partners totaled RMB 77.68 million [12].

Core Points - The 2025 World Cantonese Business Conference opened in Guangzhou, showcasing local specialty products and highlighting the growth of county-level economies through the "Hundred Million Project" [1] - The Guangdong Provincial Federation of Industry and Commerce is leading initiatives to promote urban-rural integration and support local economies, with significant investments from private enterprises [1][2] - Various regions, including Meizhou and Maoming, are actively promoting their investment environments and offering substantial financial incentives to attract businesses [2][3] Group 1: Economic Development Initiatives - The "Hundred Million Project" aims to address urban-rural development imbalances, focusing on county economies and rural revitalization [2] - Over 2,066 business associations have partnered with 109 counties, investing over 35.6 billion yuan, while 11,688 private enterprises have invested 16.43 billion yuan in 8,992 villages [1] - The project has led to significant economic transformations, with 17 districts and 2 counties recognized as national top performers [5] Group 2: Investment Attraction Strategies - Regions like Meizhou are implementing policies such as "Free Meizhou," offering free services to investors, which has garnered positive responses from entrepreneurs [2] - Maoming has established an industrial fund exceeding 2 billion yuan to support enterprise development, while also benefiting from various local and provincial incentives [3] - The development of modern transportation infrastructure, such as high-speed rail, is enhancing market connectivity and reducing logistics costs for businesses [4] Group 3: Role of Leading Enterprises - Leading companies like XWDA and Wen's Food Group are playing pivotal roles in driving local economic growth and supporting the "Hundred Million Project" through innovative business models [6][7] - XWDA is developing an electronic information industrial park, attracting numerous upstream and downstream enterprises, with planned investments exceeding 2.3 billion yuan [6] - Wen's Group has introduced a collaborative model that allows local communities to benefit from shared economic growth, with projects generating significant annual revenues [7] Group 4: Financial Support and Collaboration - China Postal Savings Bank is actively supporting county-level development with a focus on agriculture and small enterprises, with loans exceeding 82.3 billion yuan for manufacturing and 135.3 billion yuan for agriculture [5] - The Guangdong Digital Industry Association is facilitating partnerships between quality enterprises and county needs, promoting technological and capital flow into rural areas [8] - The collaboration has extended to regions like Tibet, where unique local resources are being developed with the support of Guangdong enterprises [8]

Core Viewpoint - The article highlights the integration of music and local cuisine in the Yunfu-Jiangmen region, showcasing the unique cultural and culinary offerings of the area through the 2025 Guangdong Rural Singer Competition [8][10][72]. Group 1: Event Overview - The 2025 Guangdong Rural Singer Competition is currently being held in the Yunfu-Jiangmen region, emphasizing the area's distinctive "music + food" culture [8][10]. - The event serves as a platform to promote local specialties and culinary culture, attracting both singers and food enthusiasts [11][72]. Group 2: Local Cuisine Highlights - The region is known for its ecological farming, producing high-quality ingredients such as Tianlu black pigs and Sanhuang chickens, which are popular in local dishes [14][15][20]. - Freshwater delicacies like river shrimp and pit snails are prepared using traditional methods, enhancing the local culinary experience [24][25][26]. - The area is also developing a prepared food industry, with companies like Mingji Aquatic Products processing local meats and fish into convenient ready-to-cook products [28][30]. Group 3: Cultural Significance - The event reflects the integration of traditional culture and modern tourism, enhancing the region's visibility and stimulating related industries [73][74]. - The competition encourages visitors to explore the local food culture while enjoying the performances, promoting a vibrant cultural exchange [75][76]. - The combination of music and food is seen as a new chapter in rural revitalization, showcasing the region's openness to visitors [77].

Core Viewpoint - Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. is set to hold a half-year performance briefing on September 1, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [2][3][4]. Group 1: Meeting Details - The performance briefing will take place on September 1, 2025, from 11:00 to 12:00 [4][5]. - The meeting will be conducted via the Shanghai Stock Exchange Roadshow Center, utilizing an online interactive format [3][4]. - Investors can participate by logging into the Roadshow Center website [6]. Group 2: Investor Participation - Investors can submit questions from August 25, 2025, to August 29, 2025, by accessing the "Pre-Question Collection" section on the Roadshow Center website or via the company's email [2][6]. - The company will address commonly asked questions during the briefing [2][6]. - Contact information for inquiries includes the company’s board office phone and email [6].

General Principles - The rules are established to standardize the behavior of listed companies and ensure shareholders can exercise their rights according to relevant laws and regulations [1][2] - The company must hold shareholder meetings in strict accordance with legal and regulatory requirements, ensuring the board of directors fulfills its responsibilities [1][2] Shareholder Meeting Convening - The board of directors is required to convene the annual shareholder meeting within six months after the end of the previous fiscal year [1][2] - Independent directors can propose the convening of a temporary shareholder meeting, and the board must respond within ten days [2][3] - Shareholders holding more than 10% of the company's shares can request a temporary meeting, and the board must respond within ten days [4][5] Proposals and Notifications - Proposals must fall within the scope of the shareholder meeting's authority and comply with legal and regulatory requirements [6][14] - Shareholders holding at least 1% of shares can submit temporary proposals ten days before the meeting [6][14] - Notifications for annual meetings must be sent at least twenty days in advance, while temporary meetings require a fifteen-day notice [16][17] Meeting Procedures - The shareholder meeting must be held at the company's registered address or a location specified in the articles of association [21] - Shareholders can attend in person or appoint proxies to vote on their behalf [21][25] - The meeting must maintain order, and any disruptions should be reported to the relevant authorities [23] Voting and Resolutions - Each share carries one voting right, and shareholders must express their opinions on proposals as agree, disagree, or abstain [37] - Voting results must be announced immediately after the meeting, and resolutions should be disclosed promptly [40][41] - The company must implement resolutions regarding dividends or capital increases within two months after the meeting [45] Record Keeping and Compliance - Meeting records must include details such as time, location, attendees, and voting results, and should be preserved for at least ten years [42][43] - Any disputes regarding the legality of the meeting or resolutions can be brought to court within sixty days [47][48]

Core Viewpoint - The announcement details the guarantee situation of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. for its subsidiaries, highlighting the amounts and banks involved in the guarantees provided [2][3][10]. Group 1: Guarantee Overview - On August 27, 2024, the company signed a guarantee contract with Huishang Bank for a total amount of RMB 2.70 million for its subsidiary [2]. - On February 26, 2025, a guarantee contract was signed with CITIC Bank for RMB 14.00 million for another subsidiary [2]. - On May 19, 2025, a guarantee of RMB 35.00 million was provided to another subsidiary through a contract with Leshan Commercial Bank [2]. - On June 19, 2025, a guarantee of RMB 8.40 million was signed with Ping An Bank for a subsidiary [3]. - On June 20, 2025, a guarantee of RMB 19.80 million was signed with Shanghai Pudong Development Bank [3]. - On July 16, 2025, a guarantee of RMB 60.00 million was provided for working capital loans through Dalian Bank [3]. Group 2: Internal Decision Process - The guarantees were approved by the company's board meeting on April 25, 2025, and subsequently by the annual shareholders' meeting on May 16, 2025 [4]. Group 3: Guarantee Amounts and Status - As of July 31, 2025, the total external guarantee balance was RMB 2,118.44 million, accounting for 64.19% of the company's latest audited net assets [12]. - The guarantees to subsidiaries amounted to RMB 2,043.05 million, representing 61.90% of the net assets [12]. - The guarantees to quality breeding households, customers, and partners totaled RMB 75.40 million, which is 2.28% of the net assets [12]. - There are no overdue guarantees, and no guarantees have been provided to controlling shareholders or related parties [12]. Group 4: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the daily operations of the subsidiaries and align with the company's overall interests and development strategy [10]. - The company maintains control over the guaranteed entities, ensuring effective risk management [10].

Core Viewpoint - The support for private and small micro enterprises is an inherent requirement of financial services for the real economy, with significant policy guidance and financial measures in place to enhance financing accessibility and affordability [1][3]. Group 1: Financing Accessibility and Growth - The average annual growth rate of inclusive small micro loans has exceeded 20% over the past five years, with the balance of such loans increasing from 15.1 trillion yuan at the end of 2020 to 35.6 trillion yuan by June 2025 [2][3]. - The balance of loans to privately held enterprises reached approximately 45 trillion yuan by the end of May this year, indicating a robust increase in financing support [2]. - Agricultural Bank's loans to private enterprises have seen a compound annual growth rate of over 20% in the past five years, reflecting the effectiveness of policy measures [3]. Group 2: Cost Reduction and Financial Relief - The weighted average interest rate for newly issued inclusive small micro enterprise loans decreased from 5.08% in December 2020 to 3.48% by June 2025, showcasing a significant reduction in financing costs [4][6]. - A loan of 500 million yuan can save over 20,000 yuan in annual interest expenses due to lower interest rates, which is particularly beneficial for cost-sensitive sectors like wholesale and retail [5]. - The proactive adjustment of financing plans by banks in response to changes in the Loan Prime Rate (LPR) has further facilitated cost reductions for enterprises [5]. Group 3: Diversified Financing Channels - The establishment of a multi-layered and diversified financing system is crucial for meeting the varying financing needs of private and small micro enterprises at different growth stages [7]. - The issuance of technology innovation bonds, such as the 800 million yuan bond by iFlytek with a coupon rate of 1.83%, highlights the growing role of the bond market in supporting technological advancements [7]. - As of June, 288 entities had issued approximately 600 billion yuan in technology innovation bonds, indicating strong participation from financial institutions and technology firms [7]. Group 4: Policy and Structural Improvements - Continuous efforts to improve the financing structure are essential for building a modern financial system that effectively serves the needs of private and small micro enterprises [8].

Core Insights - CFS awarded YuanYao Group the title of "2025 New Quality Productivity Leading Enterprise" for its 27 years of stable operation and significant contributions in the agricultural and livestock industry [1][6] - The award reflects YuanYao's leading position in agricultural product circulation and its keen insight into the AI-driven transformation of the agricultural and livestock industry [1][6] Evaluation Criteria - The CFS awards are based on objective and public evaluation principles, utilizing five core dimensions: innovation, influence, driving force, social responsibility, and foresight [4] - The evaluation committee consists of renowned research institutions, consulting firms, experts, and media leaders, employing a rigorous assessment system [4] Company Strengths - YuanYao Group's core advantages include strong technological empowerment capabilities, supported by its self-developed CTRM+ business intelligence model [11] - The company has become a significant player in China's agricultural and livestock industry, achieving a transaction volume of tens of millions of tons and providing comprehensive services to various clients [11] Industry Insights - The key breakthrough for enhancing new quality productivity in the agricultural and livestock industry lies in the intelligent, safe, and efficient revolution of the circulation link [8] - YuanYao has successfully navigated three global soybean crises, embedding resilience into its development strategy [8] Future Outlook - YuanYao Group views this award as a starting point for a new journey, planning to increase technological investments and standardize its leading circulation paradigms [13] - The company aims to enhance the efficiency of the agricultural market, particularly for small-scale farmers, through its "Grain Baba Technology" initiative [13]

Core Viewpoint - Youyou Food's subsidiary, Youyou Food Chongqing Manufacturing Co., Ltd., has invested 20 million yuan in an investment fund with a total scale of approximately 482.85 million yuan, representing a 4.1421% stake in the fund [1][2]. Investment Details - The investment fund primarily focuses on sectors such as biomanufacturing, agricultural technology, food engineering and supply chain, and agricultural machinery and related equipment [1]. - The fund aims to enhance business synergy, expand investment layout, and capture opportunities in related industries, aligning with the company's development strategy and shareholder interests [1]. Fund Partners - The investment fund is established in partnership with 10 institutions and individuals, including Guangdong Wens Investment Co., Ltd., Yunnan Plateau Characteristic Agriculture Equity Investment Fund, and Hengqin Guangdong-Macao Deep Cooperation Zone Industrial Investment Fund [2][3]. - Notably, Wens Investment is fully controlled by Wens Foodstuffs Group, which is a leading enterprise in the agricultural sector, indicating a strategic alignment with Youyou Food's core business in food processing [3]. Capital Contribution Structure - The total capital contribution of the fund is 48.285 million yuan, with Wens Investment and Yunnan Plateau Fund each contributing 16 million yuan, accounting for 33.1366% of the total [3]. - Youyou Food's contribution of 2 million yuan represents 4.1421% of the total fund, indicating a relatively low impact on the company's net assets and operational activities [4]. Funding Phases - The initial phase will require partners to pay 50% of their subscribed capital, with the second phase contingent on the completion of 70% of the first phase's investment [4].