Jinggu Forestry to receive significant asset donation from Chow Tai Fook Investment

Yunnan Jinggu Forestry Co., Ltd. is set to receive a significant asset donation from its controlling shareholder, Chow Tai Fook Investment Co., Ltd. The donation involves 51% equity in Shanghai Bodar Digital Technology Co., Ltd. (Bodar Digital). This transaction, a non-monetary gift, will result in Bodar Digital being consolidated into the Company's financial statements at no cost or obligation to Jinggu Forestry. As of July 31, 2025, Bodar Digital’s total assets were CNY 27,753.33 million, with net assets of CNY 19,720.07 million.

The asset donation is intended to enhance Jinggu Forestry's sustainable operating capacity and optimize its business structure. Chow Tai Fook Investment holds 55% of the company's total share capital, making this an associated transaction, with Chow Tai Fook Investment abstaining from the vote. The valuation of Bodar Digital's total shareholder equity was CNY 22,403.99 million as of July 31, 2025.

In addition to the asset donation, the company is proposing to revise its Articles of Association, dissolve the supervisory board, expand its business scope to include agricultural product production, sales, and IT services, and update various corporate governance documents. These changes, aimed at improving corporate governance, will be deliberated at the extraordinary general meeting of shareholders on October 13, 2025.