Yili completes $500m bond repayment, proposes mid-year dividend and governance changes

Inner Mongolia Yili Industrial Group announced that its wholly-owned overseas subsidiary, YiLi Holding Investment Limited, completed the repayment of its $500 million senior unsecured fixed-rate bonds on November 19, 2025. These bonds, with a 1.625% coupon and five-year term, were issued on November 19, 2020. This repayment fully settles the principal and interest of the bonds.

In related announcements, the company proposed a 2025 interim dividend distribution of RMB0.48 per share (tax inclusive) to all shareholders. This totals RMB3,036,173,120.16, representing 29.12% of the company's net profit attributable to shareholders for the first three quarters of 2025. Additionally, the company is seeking shareholder approval to amend its Articles of Association, including the removal of the supervisory board and adjustments to the company's registered capital following a share repurchase and cancellation of 40,540,038 shares. The registered capital will decrease from RMB6,365,900,705.00 to RMB6,325,360,667.00.

The company will also propose purchasing directors' and senior management liability insurance with a maximum annual premium of RMB300,000 and a limit of RMB100 million for 12 months. Shareholders will be asked to approve the new governance structure and dividend proposal at the upcoming first extraordinary general meeting in November 2025.