Core Viewpoint - Guanghan, known as the "Capital of Hot Pot Ingredients in China," has established a competitive full industrial chain for hot pot ingredients, achieving an annual output value of 16.7 billion yuan, with plans to reach 20 billion yuan by 2025 and 30 billion yuan by 2030 [1][3]. Industry Overview - The hot pot industry in Guanghan began in the 1990s and has grown to include over 150 related enterprises, covering all aspects of production, processing, packaging, and logistics, with an annual output value of 16.7 billion yuan [3]. - Guanghan's hot pot products account for over 30% of the national market share and have a coverage rate of over 85% in high-end hot pot chains like Haidilao and Xiaolongkan, exporting to over 40 countries and regions [3]. Innovation and Development - The local hot pot ingredient industry has nurtured 10 national high-tech enterprises and 8 specialized and innovative enterprises, collaborating with universities to establish three hot pot industry research institutes [3]. - Guanghan has the first CNAS-certified beef tallow testing laboratory in the country and has participated in the formulation of over 20 national and group standards for products like beef tallow and chili oil [3]. Promotional Activities - A promotional event was held to showcase the achievements of Guanghan's hot pot industry, featuring a signing ceremony for enterprise cooperation and interactive activities to enhance brand visibility [4]. - The event included a themed exhibition area inspired by the Sanxingdui culture, creating an immersive consumer experience and promoting the hot pot brand [4]. Tourism Integration - Guanghan is also known for its rich cultural heritage and has been recognized as one of the top 100 counties in China for tourism, actively promoting a comprehensive tourism strategy centered around the Sanxingdui archaeological site [4].

Core Viewpoint - The company announced a procurement framework agreement with its wholly-owned subsidiary, which will facilitate the purchase of various food ingredients starting from November 1, 2025, until December 31, 2025 [1] Group 1 - The agreement is between 加泰物业 (a subsidiary) and 经发供应链 (the supply chain entity) [1] - The procurement will commence on November 1, 2025, and will last until December 31, 2025 [1]

Core Viewpoint - The company is actively developing a new marketing ecosystem that integrates online and offline channels in its agricultural wholesale business since 2025, with various themed marketing events and significant sales growth [1] Group 1: Marketing Activities - The company has organized a total of 13 themed marketing events, including the "Children's Day Fruit Carnival" and the "First Lychee Festival" [1] - The "Preferred Ingredients Tasting Conference" at Zhougudui has reached its 8th session, attracting approximately 200 new downstream potential customers [1] Group 2: Sales Performance - The Feixi Logistics Park has utilized watermelon as a breakthrough product, achieving a peak daily transaction volume of over 1,600 tons [1] - From January to July 2025, Zhougudui Daxing Market and Feixi Logistics Park hosted 578 live streaming events, selling a total of 560,000 items, with a year-on-year sales increase of 134.52% [1]

Group 1 - The company announced the expected daily related transactions for 2025, amounting to approximately 49.12 million yuan (including tax) [1][3] - The transactions involve procurement and sales of goods, testing services, and rental services with its controlling shareholder, Shenzhen Agricultural and Food Investment Holding Group Co., Ltd. [1][15] - The independent directors unanimously approved the proposal, and it does not require submission to the shareholders' meeting [2][16] Group 2 - The company reported an increase in actual daily related transactions compared to the previous year's estimates, primarily due to increased procurement by its subsidiary, Shen Nong Kitchen [3] - The controlling shareholder, Shenzhen Agricultural and Food Investment Holding Group, holds 34% of the company's shares and is classified as an associated entity [6][7] - The financial data of Shenzhen Agricultural and Food Investment Holding Group shows total assets of approximately 285.70 billion yuan and net assets of about 134.83 billion yuan as of September 30, 2024 [5] Group 3 - The company is also terminating its 2021 employee stock ownership plan, having sold all 823,400 shares through block trading [17][21] - The employee stock ownership plan was initiated in December 2021, with shares purchased at an average price of approximately 5.71 yuan per share [19][20] - The company will complete the financial settlement and distribution of assets related to the terminated employee stock ownership plan [21] Group 4 - The company approved a proposal to publicly tender the management of the Hai Jixing Aquatic Products Logistics Park A section [23][31] - The management contract will allow the winning bidder to manage the property, with a fixed income starting at approximately 43.94 million yuan per year, subject to adjustments every two years [28][29] - The goal of this transaction is to enhance the company's seafood and aquatic product supply chain and establish a benchmark in the industry [31][32]