Core Viewpoint - The company has signed a loan agreement with China Construction Bank for 100 million RMB to support the operational needs of its subsidiary, Chifeng Company, with the company providing a guarantee for this loan [2][5]. Group 1: Loan and Guarantee Details - The loan amount is 100 million RMB, which will be drawn in installments based on actual needs [2]. - The company plans to provide a total external guarantee of 3 billion RMB for the year 2025, all of which will be for its controlling or wholly-owned subsidiaries [5]. - The guarantee for Chifeng Company is structured as a joint liability guarantee, with a guarantee period extending three years beyond the debt fulfillment deadline [3][5]. Group 2: Financial Health and Risk Assessment - Chifeng Company has a stable operational status and good creditworthiness, making the guarantee risk controllable [5]. - The company’s total external guarantee for 2025 represents 27.70% of its most recent audited net assets [5]. - As of the announcement date, the company has provided guarantees totaling 440 million RMB and 1.111 million USD for its subsidiaries, accounting for 4.80% of its most recent audited net assets, with no overdue guarantees reported [5]. Group 3: Board's Opinion - The board believes that providing the guarantee will accelerate the development of Chifeng Company, enhance the company's profitability, and meet its operational funding needs [5]. - The guarantee is deemed compliant with approval procedures and relevant regulations, benefiting both the company and its shareholders [5].

Summary of Key Points Core Viewpoint - Anqi Yeast Co., Ltd. has announced that it will provide a guarantee for its subsidiary, Chifeng Company, to secure a loan of 100 million RMB from China Construction Bank for operational needs [2][5]. Group 1: Guarantee Overview - The company has signed a loan contract with China Construction Bank for a borrowing amount of 100 million RMB, which will be drawn in installments based on actual needs [2]. - The board of directors approved the guarantee proposal on April 8, 2025, and it was ratified at the annual shareholders' meeting on April 30, 2025 [2]. - The total external guarantee limit for 2025 is set at 3 billion RMB, with 1.6 billion RMB allocated for subsidiaries with a debt-to-asset ratio below 70% [2][6]. Group 2: Guarantee Details - The guarantee amount is 100 million RMB, with a joint liability guarantee method [3]. - The guarantee period lasts from the contract's effective date until three years after the debt fulfillment deadline [3]. - The guarantee covers all debts under the main contract, including principal, interest, penalties, and other related costs [5]. Group 3: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to meet the operational funding needs of Chifeng Company, which has a stable operating condition and good credit [5]. - The board believes that providing this guarantee will enhance the company's profitability and align with its overall strategy [5]. - The company has no overdue guarantees, and the current guarantee situation is within acceptable risk limits [6].

Core Viewpoint - Anqi Yeast Co., Ltd. is preparing for its shareholder meeting scheduled for September 12, 2025, focusing on maintaining shareholder rights and ensuring orderly proceedings [2][3]. Group 1: Shareholder Meeting Details - The voting time for the shareholder meeting is set for September 12, 2025, from 9:15 AM to 3:00 PM [1]. - The meeting will take place in the company's first-floor conference room, combining on-site and online voting methods [3]. - Attendees must register according to the specified procedures and present identification documents [2][3]. Group 2: Meeting Agenda and Procedures - The agenda includes welcoming remarks, election of monitors, discussion of proposals, and voting on the proposals [3][4]. - Shareholders have the right to speak, inquire, and vote, with a requirement to register for speaking in advance [3][4]. - Voting will be conducted by a named ballot for each proposal, with results announced immediately [3][4]. Group 3: Amendments to Company Rules - The company has revised its "Board Meeting Rules" to standardize terminology and remove references to "supervisors" without substantial changes to the content [4][5]. - Key amendments include the removal of the position of employee director and the establishment of the securities department as the daily affairs handling body for the board [5][6]. - The revised rules also clarify the board's powers and responsibilities, including the management of significant company issues and risk management [6][8]. Group 4: Independent Director System - The company has updated its "Independent Director Work System," ensuring independent directors do not hold other positions within the company and are free from conflicts of interest [21][22]. - The revisions include the establishment of specialized committees within the board, ensuring independent directors hold a majority in certain committees [22][23]. - Independent directors are required to report any conflicts of interest and ensure transparency in their duties [24][25]. Group 5: Fund Management Regulations - Anqi Yeast has revised its "Fund Management Measures" to enhance the management and use of raised funds, ensuring compliance with relevant laws and regulations [27][28]. - The amendments specify the procedures for fund storage, management, and usage, including the establishment of dedicated accounts for raised funds [29][30]. - The company is mandated to disclose the actual use of raised funds and any significant changes affecting investment plans [30][31].

Core Points - The document outlines the information disclosure management measures for Angel Yeast Co., Ltd, aiming to standardize disclosure behavior and protect investors' rights [1][2][3] - The measures apply to various stakeholders, including the board of directors, senior management, and major shareholders [1][2] - The principles of information disclosure emphasize timeliness, accuracy, completeness, and fairness [2][3] Group 1: Basic Principles of Information Disclosure - The company must disclose information in a timely manner, ensuring it is true, accurate, complete, and clear [2][3] - Information must be disclosed simultaneously to all investors, without prior leaks to any individual or entity [2][3] - The company can voluntarily disclose information relevant to investors' decision-making, provided it does not conflict with legally required disclosures [2][3] Group 2: Information Disclosure Documents - Required disclosure documents include periodic reports, temporary reports, prospectuses, and acquisition reports [2][3][7] - Annual reports must be completed within four months after the fiscal year-end, while interim reports must be completed within two months after the first half of the fiscal year [7][8] - The content of annual and interim reports must include key financial data, shareholder information, and significant events affecting the company [8][9] Group 3: Management of Information Disclosure - The chairman of the board is primarily responsible for information disclosure management, with the securities department coordinating the execution of these measures [33][34] - The board secretary is responsible for organizing and managing the information disclosure work, ensuring compliance with legal requirements [34][35] - All departments and subsidiaries must report significant events to the board secretary for timely disclosure [36][37] Group 4: Legal Responsibilities and Penalties - Company directors and senior management are responsible for the truthfulness, accuracy, completeness, and timeliness of disclosed information [62][63] - Violations of disclosure regulations may lead to legal consequences, including penalties for responsible individuals [63][64] - The company must maintain strict confidentiality regarding undisclosed significant information and prevent leaks [50][51]

General Principles - The company aims to enhance the standard of its annual report information disclosure, ensuring its authenticity, accuracy, completeness, and timeliness, in accordance with relevant laws and regulations [1][2] - This system applies to the company's board members, senior management, department heads, and other personnel involved in the annual report information disclosure process [2] Responsibility Recognition and Accountability - In the event of significant errors in annual report disclosures, the company will hold responsible parties accountable, distinguishing between direct and leadership responsibilities [6] - The chairman, general manager, and board secretary bear primary responsibility for the authenticity and accuracy of the annual report [7] - If significant errors lead to regulatory actions such as public reprimands, the company must investigate the causes and take corrective measures while holding responsible individuals accountable [8] Penalty Guidelines - Severe penalties will be imposed for egregious cases, such as intentional misconduct or obstruction of investigations [9] - Lighter penalties may apply if individuals have fulfilled their duties, if errors were minor, or if they took corrective actions promptly [10] Accountability Process - Before imposing penalties, the company will ensure that responsible individuals have the opportunity to present their views [11] - The results of accountability for significant errors will be included in the annual performance evaluations of relevant departments and personnel [12] Additional Provisions - Any matters not covered by this system or conflicting with relevant laws will be handled according to those laws [14] - The board of directors is responsible for interpreting and revising this system [15] - This system will take effect upon approval by the board of directors [16]

Core Points - The document outlines the external information management system of Angel Yeast Co., Ltd, aimed at enhancing the management of external information during the preparation, review, and disclosure of periodic reports and significant events [1][2] - The system applies to the company, its departments, subsidiaries, and relevant personnel, ensuring that all undisclosed information that may significantly impact stock trading is managed appropriately [1][3] Group 1 - The board of directors is the highest management authority for external information reporting, with the board secretary responsible for daily management [1][2] - Directors and senior management must adhere to disclosure requirements and maintain confidentiality during the preparation of periodic reports and significant events [2][3] - Any external requests for undisclosed information must be refused unless legally mandated, and all disclosures must undergo a strict approval process [2][3][4] Group 2 - Individuals involved in external information reporting are responsible for the authenticity, accuracy, and completeness of the information, while the board secretary ensures its legality [2][3] - Confidentiality agreements must be signed when providing undisclosed significant information during business negotiations or bank loans [3][4] - Violations of confidentiality by external parties may lead to legal consequences, including compensation for economic losses and potential criminal charges [4][5]

Core Points - The document outlines the independent director system of Angel Yeast Co., Ltd, aiming to enhance corporate governance and ensure independent directors fulfill their roles effectively [1][2][3] Group 1: General Provisions - The independent director is defined as a director who does not hold any other position in the company and has no direct or indirect interests that could affect their independent judgment [1] - Independent directors have a duty of loyalty and diligence to the company and all shareholders, and they must act in accordance with relevant laws and the company's articles of association [1][2] Group 2: Appointment and Qualifications - Independent directors can serve on a maximum of three domestic listed companies and must ensure they have sufficient time to fulfill their responsibilities [2] - At least one-third of the board members must be independent directors, including at least one accounting professional with relevant qualifications [2][3] Group 3: Independence Requirements - Certain individuals are prohibited from serving as independent directors, including those with significant shareholdings or familial ties to major shareholders [3][4] Group 4: Nomination and Election - The board or shareholders holding more than 1% of the company's shares can propose independent director candidates, who must be elected by the shareholders' meeting [4][5] - The nomination process requires the consent of the proposed candidates and a thorough review of their qualifications [5][6] Group 5: Responsibilities and Powers - Independent directors are responsible for participating in board decisions, supervising potential conflicts of interest, and providing professional advice to enhance decision-making [7][8] - They have special powers, including the ability to hire external consultants and propose meetings [8][9] Group 6: Reporting and Communication - Independent directors must attend board meetings and provide clear opinions on agenda items, including dissenting opinions when necessary [10][11] - They are required to submit annual reports detailing their activities and interactions with shareholders [12][13] Group 7: Support and Compensation - The company must provide necessary resources and support for independent directors to perform their duties effectively [21][22] - Independent directors are entitled to compensation that reflects their responsibilities, which must be approved by the shareholders' meeting [23]

安琪酵母股份有限公司 董事会提名委员会实施细则 （2025 年 8 月修订稿） 第一章 总则 第一条 为规范公司决策和高级管理人员的产生，优化董事 会和高级管理人员结构，完善公司法人治理结构。根据《中华人 民共和国公司法》《上市公司治理准则》《公司章程》及其他有 关规定，公司特设立董事会提名委员会，并制定本实施细则。 第六条 提名委员会委员任期与董事会任期一致。委员任期 届满，连选可以连任。期间如有委员不再担任公司董事职务，自 动失去委员资格，并由委员会根据上述第三至第五条规定补足委 — 1 — 员人数。 第七条 提名委员会下设工作小组，负责日常联络和会议组 织等工作。 第三章 职责权限 第八条 提名委员会的主要职责包括： （一）研究董事、高级管理人员的选择标准和程序并提出建 议； 第二条 董事会提名委员会是董事会按照股东会决议设立的 专门工作机构，主要负责对公司董事和高级管理人员的人选进行 遴选并向董事会提出建议。 第二章 人员组成 第三条 提名委员会成员由五至七名董事组成，成员中独立 董事应当占多数。 第四条 提名委员会委员由董事长、二分之一以上独立董事 或者全体董事的三分之一提名，并由董事会选举产生。 ...

General Principles - The management system aims to regulate related party transactions of the company and protect the rights of non-related shareholders [1] - Related party transactions must adhere to principles of honesty, openness, fairness, and justice [1][2] - The conditions of related party transactions should be fair and in the company's interest, without harming the interests of the company and non-related shareholders [1] Definition and Scope of Related Party Transactions - Related party transactions refer to matters that may lead to the transfer of resources or obligations between the company or its subsidiaries and related parties [1][2] - Related parties include both legal entities and natural persons that have a significant influence on the company [2][3] Reporting and Disclosure of Related Parties - Company directors, senior management, and shareholders holding more than 5% of shares must report their related party relationships to the company's securities department [4] - The board of directors' audit and risk committee must confirm the list of related parties and report it to the board [4] Decision-Making Procedures for Related Party Transactions - Related directors must abstain from voting on related party transactions, and if the board lacks a quorum, the matter must be submitted to the shareholders' meeting [5][6] - Related shareholders must also abstain from voting on related party transactions, and their voting rights will not be counted [6][7] Disclosure Requirements - Transactions between the company and related natural persons exceeding 300,000 RMB must be disclosed, while those with related legal entities exceeding 3 million RMB must also be disclosed and submitted for board approval [7][8] - Major related party transactions exceeding 3 million RMB and accounting for more than 5% of the company's net assets must be audited and submitted for shareholder approval [8] Pricing of Related Party Transactions - Related party transactions must be conducted at fair prices, with specific pricing methods outlined, including cost-plus, resale price, and comparable uncontrolled price methods [17][18] - If the transaction price exceeds 100% of the book value, the company must provide a profit forecast report and allow shareholders to participate in voting [19][20] Prevention of Fund Occupation by Related Parties - The company must strictly limit the occupation of funds by related parties and cannot provide funds for non-operational purposes [12][13] - The board of directors is responsible for monitoring and preventing the occupation of company funds by related parties [15][16] Final Provisions - The management system will take effect after approval by the company's board of directors and shareholders [21]

Core Viewpoint - Anqihome's 2025 semi-annual report shows strong financial performance with a revenue increase of 10.10% and a net profit growth of 15.66% compared to the previous year [1] Financial Performance - The company achieved an operating income of 7.899 billion yuan in the first half of 2025, reflecting a year-on-year growth of 10.10% [1] - The net profit attributable to shareholders reached 799 million yuan, marking a year-on-year increase of 15.66% [1] Product and Business Development - The company is actively promoting new products and businesses, with strategic new product yeast protein being successfully marketed and maintaining stable cooperation with multiple clients [1] - Significant progress has been made in market development for new products such as cranberry and high-sugar, high-activity dry yeast series [1] International Business Growth - International business is experiencing rapid growth, with the company effectively responding to external environmental challenges and optimizing production and sales scheduling to ensure order delivery [1] - The company is advancing targeted marketing in key markets, resulting in comprehensive growth in overseas business [1] - Continuous strengthening of overseas subsidiary construction and localization of marketing personnel has led to significant success in developing clients in emerging markets [1]