China Animal Husbandry Industry sells idle assets to government for 229m yuan

China Animal Husbandry Industry Co., Ltd. announced the government's acquisition of idle assets from its Lanzhou Bio-pharmaceutical Factory and wholly-owned subsidiary, Lanzhou Zhongmu Pharmaceutical Equipment Technology Co., Ltd. The acquisition includes land, buildings, structures, and equipment, valued at a total of 228,978,222.00 yuan, as per an appraisal. The compensation will be monetary.

The board of directors approved this on September 28, 2025, authorizing management to handle related matters and sign agreements. The assets are currently idle, and the company expects the transaction to positively impact operating performance without affecting normal production. This transaction is not considered a related party transaction or a major asset restructuring.

The board also approved other key initiatives, including a high-end preparation production and R&D base project in Nanjing, amendments to budget management and debt restructuring loss management policies, and the establishment of a market capitalization management system. These measures aim to support strategic development, improve governance, and foster sustainable growth.