Group 1: Share Buyback Progress - The company approved a share buyback plan on November 1, 2024, with a total fund of no less than RMB 100 million and no more than RMB 200 million, at a maximum price of RMB 12.00 per share [2] - The maximum buyback price was adjusted to RMB 11.80 per share due to the implementation of equity distribution for the first three quarters of 2024 [3] - As of July 31, 2025, the company repurchased a total of 12,913,100 shares, accounting for 1.17% of the total share capital, with a total transaction amount of RMB 116,145,939.50 [4] Group 2: Compliance and Regulations - The company’s share buyback activities complied with relevant regulations, including not repurchasing shares during significant events that could impact stock prices [5] - The buyback was conducted through centralized bidding, adhering to the price limits and trading restrictions set by regulatory authorities [6] Group 3: Equity Transfer - The company signed a share transfer agreement on July 30, 2025, acquiring 37.81% of the equity in Binzhou Yisheng Poultry Co., Ltd. for RMB 81.2295 million, resulting in a total ownership of 100% [6][7] - The company has completed the payment for the equity transfer, and the registration of the equity change was finalized on August 4, 2025 [7]

General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors, and to regulate its organization and behavior according to relevant laws [2][3] - The company was established as a joint-stock company in accordance with the Company Law and is registered in Shandong Province [2][3] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 27 million shares on June 1, 2010, and was listed on the Shenzhen Stock Exchange on August 10, 2010 [2][3] Company Capital and Structure - The registered capital of the company is RMB 1,106,412,915.00 [3] - The company is a permanent joint-stock company, and its legal representative is the chairman of the board [3][4] - The company has issued a total of 1,106,412,915 shares, all of which are ordinary shares [8] Business Objectives and Scope - The company's business objectives include market orientation, reliance on technology, quality assurance, and reputation for development, aiming to provide high-quality and affordable livestock products [4][5] - The business scope includes the production and sale of breeding chickens, pigs, and their derivatives, as well as feed production and sales, technical guidance, and organic fertilizer production [5] Share Issuance and Management - The company issues shares in a public, fair, and just manner, ensuring equal rights for all shares of the same category [7] - The company can increase or decrease its registered capital based on operational needs, subject to shareholder approval [9][10] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends, attend meetings, supervise the company, and transfer their shares [13][14] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not abuse their rights to harm the company or other shareholders [22][41] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting required to be held within six months after the end of the previous fiscal year [48] - Shareholder meetings must be convened with proper notice, and the agenda must be clearly stated [60][61] Voting and Resolutions - Resolutions can be classified as ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring a two-thirds majority [80][82] - Shareholders can exercise their voting rights based on the number of shares they hold, with each share granting one vote [83]