Xinjiang Talimu Agriculture's controlling shareholder changes hands

Xinjiang Talimu Agriculture Development Co., Ltd. announced on December 12, 2025, the completion of a gratuitous transfer of state-owned shares, resulting in a change of its controlling shareholder. The First Division State-owned Assets Supervision and Administration Commission approved the transfer of 40.32% equity from Alar City State-owned Capital Investment and Operation Group Co., Ltd. to Xinjiang Talimu Agriculture Reclamation Group Co., Ltd., effective December 31, 2024. The transfer was completed on December 9, 2025.

Despite the change in the direct controlling shareholder, the ultimate actual controller of Xinjiang Talimu Agriculture remains the First Division State-owned Assets Supervision and Administration Commission. This gratuitous transfer is exempt from tender offer requirements and is not expected to adversely affect the company's normal operations or harm the interests of small and medium shareholders.

Concurrently, the company provided guarantees for its associate, Nanjiang Energy (Group) Co., Ltd., totaling RMB 9,377.74万元 as of December 12, 2025. This amount represents 13.52% of Xinjiang Talimu Agriculture's most recently audited net assets.