China Animal Husbandry to amend articles, dissolve supervisory board

China Animal Husbandry Industry Co., Ltd. (CAHIC) will hold its second extraordinary general meeting of shareholders on November 13, 2025, to consider key proposals. The first proposal involves revising the “Articles of Association” and its annexures, alongside the abolition of the supervisory board. This change, approved by the board of directors on October 27, 2025, would transfer the supervisory board’s responsibilities to the audit committee of the board of directors. The “Rules of Procedure for the Supervisory Board Meeting” would consequently be repealed, with existing supervisors serving until the shareholder vote.

Additionally, shareholders will review the progress of the government's acquisition of certain idle assets belonging to the company and its wholly-owned subsidiary. A district government is to acquire state-owned land, buildings, and equipment in Lanzhou, which includes assets from CAHIC’s Lanzhou Biological Pharmaceutical Factory and Lanzhou Zhongmu Pharmaceutical Technology Co., Ltd. These assets, comprising idle land, properties, and production equipment, have been valued at 22,897.82 million yuan.

The asset acquisition, aimed at revitalizing idle assets and optimizing the company’s asset structure while reducing management costs, was initially approved by the board of directors on September 28, 2025. Following confirmation by accountants that the transaction’s impact on current period profits exceeds the board’s approval limits, the matter was again approved by the board on October 27, 2025, for submission to the shareholders.