Taiji Group subsidiary enters bankruptcy liquidation

Chongqing Taiji Industry Group Co., Ltd. (Taiji Group) announced its wholly-owned subsidiary, Inner Mongolia Alukerqin Banner Guotai Animal Husbandry Co., Ltd., has entered bankruptcy liquidation. An Inner Mongolia autonomous region court has accepted the bankruptcy application and appointed a law firm as the bankruptcy administrator for Guotai Animal Husbandry.

Taiji Group’s board of directors made the decision to liquidate Guotai Animal Husbandry on October 23, 2025, following sustained operational decline, severe losses, and insufficient assets to cover liabilities. The move aims to refocus on core businesses, reduce operational risks, and safeguard shareholder interests.

Taiji Group expects to lose control of Guotai Animal Husbandry upon the administrator's takeover, and it will no longer be consolidated into its financial statements. The impact of this bankruptcy liquidation on the company's current year's profits and losses will be finalized based on annual audit results. The company stated that the liquidation of the already ceased Guotai Animal Husbandry will not significantly affect its ongoing operations.