Core Insights - The economic and trade relationship between China and ASEAN is increasingly close, with ASEAN maintaining its position as China's largest agricultural trade partner for eight consecutive years [1] Group 1: Trade Statistics - In the first eight months of 2025, Guangxi's import and export scale with ASEAN reached 275.09 billion yuan, marking a 12.9% increase [10] - The trade volume with Vietnam specifically was 202.73 billion yuan, showing a growth of 7.9% [10] Group 2: Logistics and Customs Efficiency - The Friendship Pass customs saw a significant increase in vehicle traffic, with 637,200 vehicles processed in the first eight months of 2025, a 38% increase compared to 2024 [16] - On average, customs clearance for a vehicle takes about 10 minutes, with around 1,500 large trucks reporting for customs daily [18] Group 3: Import and Export Goods - Major exports include machinery products and various industrial materials, while imports primarily consist of fruits, agricultural products, and electronic goods [18] - A logistics company in Guangxi reported successfully clearing nearly 3,000 containers of fruits from ASEAN countries in the first eight months of 2025, with these fruits mainly sold in markets in Guangdong and Zhejiang [13]

Group 1 - The company emphasizes the importance of brand image construction and plans to launch a new brand IP "Fa Fa Long" in July 2024 to enhance brand recognition and emotional connection with consumers [2] - The company focuses on its core food business, offering products in three main categories: pre-prepared ingredients, semi-finished products, and finished products, primarily serving B-end clients such as large restaurant chains, food processing factories, and major supermarkets, as well as C-end consumers [2] - Current product offerings include a variety of items such as pig intestine series, grilled sausage series, crispy meat series, and bacon series, with no current involvement in the pet food sector [2] Group 2 - The company will continue to optimize its brand visual system to ensure alignment with its strategic development direction [2] - Future product category development will be evaluated cautiously based on market demand, research and development capabilities, and strategic planning [2]

Core Viewpoint - The company has approved the expected daily related transactions for 2025, amounting to a total of 9.12 million yuan, which includes sales, purchases, and rental agreements with its related party, Weifeng Interconnect [1][5][8] Summary by Sections Daily Related Transactions Overview - The company held meetings on May 30, 2025, to approve the expected daily related transactions for 2025, with related directors recusing themselves from the vote [1][6] - The total expected amount for transactions with Weifeng Interconnect is capped at 9.12 million yuan [1][5] Expected Categories and Amounts of Related Transactions - Sales to Weifeng Interconnect: 1 million yuan for connectors and semi-finished products [1] - Purchases from Weifeng Interconnect: 8 million yuan for connectors and related products [1] - Rental income from Weifeng Interconnect: 1.2 million yuan for office space [1] Previous Year’s Related Transactions - The actual related transactions for the previous year showed a significant difference from the expected amounts due to the company's fundraising project and factory relocation [2][4] Related Party Information - Weifeng Interconnect is associated with the company through its chairman and general manager, who is also the legal representative of Weifeng Interconnect [3][5] Main Content of Related Transactions - The transactions will follow fair pricing principles based on market prices and will not harm the interests of the company or its minority shareholders [5][8] Decision-Making Procedures and Opinions - Independent directors unanimously approved the expected related transactions, stating they are necessary for normal business operations and do not significantly impact the company's financial status [6][7] - The board and supervisory committee also approved the transactions, confirming compliance with relevant regulations [6][8]