Xinjiang Talimu Agriculture sees state-owned equity transfer to Agricultural Reclamation Group

Xinjiang Talimu Agriculture Development Co. Ltd. announced a major change in its equity structure. Alar City State-owned Capital Investment and Operation Group Co. Ltd. will gratuitously transfer its 40.32% stake, comprising 153,815,575 shares, to Xinjiang Talimu Agricultural Reclamation Group Co. Ltd. This strategic move, approved by the First Division State-owned Assets Supervision and Administration Commission, aims to optimize the agricultural industrial layout of Alar City's First Division, enhance state-owned enterprise competitiveness, and improve asset allocation.

Following the transfer, Xinjiang Talimu Agricultural Reclamation Group Co. Ltd. will become the direct controlling shareholder of Xinjiang Talimu Agriculture Development Co. Ltd. However, the ultimate actual controller will remain the First Division State-owned Assets Supervision and Administration Commission, ensuring no change in the company's ultimate control. This transaction is categorized as a gratuitous transfer of state-owned equity and is exempt from a tender offer.

The equity transfer agreement was signed on September 4, 2025, with an effective date of December 31, 2024. The transfer is expected to be completed after fulfilling all necessary regulatory approvals and share transfer procedures. This change is not anticipated to negatively impact the company's normal operations or the interests of its minority shareholders.