Anjoy Foods shareholders to vote on capital, governance, and strategy changes

Anjoy Foods announced its First Extraordinary General Meeting of Shareholders for November 28, 2025. Shareholders will vote on several crucial changes, including an increase in registered capital from RMB 293,294,232 to RMB 333,288,932 following the issuance of 39,994,700 H-shares.

Extensive revisions to the company’s Articles of Association and various governance rules, such as the Rules of Procedure for Shareholders' Meetings and the Rules of Procedure for the Board of Directors, are also on the agenda. Proposed changes include the cancellation of the Supervisory Board, with its functions transferred to the Board's Audit Committee, and updated remuneration management policies for directors and senior management.

A significant agenda item is the proposed change to the use of proceeds from the 2022 non-public stock offering. The company plans to reallocate a total of RMB 36,141,000.00 from the Sichuan, Liaoning, and Taizhou Anjoy technical renovation projects and part of the Henan Phase III project. This will be redirected to a new Ding Yifeng Baking Bread project in Taicang. This strategic shift aims to capitalize on market changes and consumer trends, moving from traditional frozen foods to the high-growth frozen baked goods sector. The new project is projected to generate annual revenue of RMB 61,338.71 and a net profit of RMB 6,782.57.