Fundraising Overview - The company raised a total of RMB 717 million from the issuance of 30 million shares at RMB 23.90 per share, with a net amount of RMB 648.33 million after deducting issuance costs [1] - As of June 30, 2025, the company had a remaining balance of RMB 7.30 million in its fundraising account [3] Fund Management - The company has established a management system for fundraising in accordance with regulatory guidelines to ensure proper use and protection of investor rights [1] - A tripartite supervision agreement was signed with the underwriter and banks to ensure the funds are used specifically for their intended purposes [2][3] Fund Utilization - The company completed the investment projects related to the expansion of microbial oil and polyunsaturated fatty acid microencapsulation production lines in 2023, with final payments made during the reporting period [4][5] - The research center construction project has fully utilized the committed fundraising amount, with excess funding derived from interest income [4][8] Financial Management - The company has not used any excess fundraising to permanently supplement working capital or repay bank loans during the reporting period [5][6] - The board approved the temporary use of up to RMB 12 million of idle funds for cash management, ensuring it does not affect ongoing projects [5] Compliance and Reporting - The company has adhered to all relevant laws and regulations regarding the use of fundraising and has disclosed the usage status in a timely manner [7]

Core Viewpoint - The Ministry of Agriculture and Rural Affairs, along with ten other departments, has introduced a plan to promote agricultural product consumption, focusing on optimizing supply, innovating circulation, and activating the market through 23 specific measures to adapt to new consumer trends and preferences [1]. Group 1: Nutritional and Health Consumption - There is a shift in consumer demand from "sufficient food" to "nutritious and healthy food," prompting the Ministry to advocate for increased consumption of soybeans and milk to help consumers form a scientific dietary structure [1][2]. - Current data indicates that the average per capita milk consumption in China is 40.5 kg, significantly below the recommended dietary intake of 110-183 kg, and lower than the 80-90 kg levels in Japan and South Korea [2]. - Soybean and soybean product consumption is also below the recommended levels by 59%, indicating substantial growth potential in these areas [2]. Group 2: Public Health and Nutrition Education - The Ministry plans to enhance public services related to nutrition and health by developing and promoting healthy dietary plans, particularly targeting student groups to optimize nutrition in school meals [3]. - There will be a focus on promoting healthy eating habits through campaigns that encourage reduced oil intake, increased consumption of soy and milk, and greater intake of fruits, vegetables, and whole grains [3]. - The Ministry will also create food maps for dairy and beef to integrate agricultural product consumption with cultural and tourism activities [3]. Group 3: Food Industry Upgrading - The Ministry of Industry and Information Technology emphasizes the need to establish a diversified food supply system and enhance the quality of the food industry to drive agricultural product consumption [4]. - The application of biotechnology in the food industry is being promoted to expand agricultural development, including the optimization of production processes for various food products [5]. - The Ministry is also focusing on developing local specialty food industries and promoting deep processing of food products to enhance agricultural product consumption quality [6].