COFCO Sugar seeks shareholder approval for higher related party transaction limits

COFCO Sugar Holdings Co. Ltd. announced an extraordinary general meeting to approve an increase in its 2025 estimated daily related party transaction limits. The company's 10th Board of Directors, at its 17th meeting on April 23, 2025, initially approved a procurement transaction limit of RMB 690 billion with related parties. Due to market changes and an adjustment in imported sugar volumes, the company now proposes to increase this amount to RMB 890 billion.

This adjustment, approved by the 10th Board of Directors' 21st meeting on October 28, 2025, reflects an increase in business dealings with COFCO Group and its subsidiaries. The board deemed the transactions fair, reasonable, and necessary for the company’s normal operations and long-term development, without compromising independence or shareholder interests.

The related party transactions primarily involve the procurement of raw sugar and sale of white sugar, as well as the provision and receipt of labor services. The transactions are based on market prices and conducted voluntarily, equally, and for mutual benefit. The meeting is scheduled for November 21, 2025, both in person and via online voting, for shareholders to consider and approve the proposal.