Zhongnongfa Seed Industry schedules extraordinary meeting for key financial approvals

Zhongnongfa Seed Industry Group Co., Ltd. will hold its third extraordinary general meeting for 2025 on December 9, 2025, at 14:00 at the Zhongshui Building in Beijing, with online voting also available via the Shanghai Stock Exchange. Shareholders will consider four key proposals.

The agenda includes the re-appointment of Beijing Dadi Taihua Certified Public Accountants (Special General Partnership) as the company’s auditor for 2025, with an audit fee of 790,000 yuan. Additionally, the company seeks to increase the daily related party transaction limit with Henan Agricultural Chemical and its affiliates for 2025 by 128 million yuan, driven by an anticipated increase in sales volume.

A significant financial proposal involves using retained earnings and capital reserves to cover a cumulative loss of 147,881,071.46 yuan from prior years. The company plans to use 15,631,846.68 yuan from retained earnings and 132,249,224.78 yuan from capital reserves for this purpose. Finally, the meeting will address a related party transaction for the forward procurement of 2025-2026 wheat seed production plans from Huangfan District Industrial Group.