Teway Food adjusts fundraising projects, extends completion dates

Sichuan Teway Food Group Co., Ltd. announced plans to add its wholly-owned subsidiary, Sichuan Teway Heyuan Food Co., Ltd., as an implementing entity for three fundraising projects: the "Food and Seasoning Industrialization Production Base Expansion Project," "Marketing Service Network and Digital Upgrade Construction Project," and "Shuangliu Production Base Comprehensive Technical Renovation Project." This strategic move aims to integrate company assets and enhance management efficiency.

The company also plans to inject 20,236.30 million yuan of the raised funds into Teway Heyuan Food Co., Ltd. to support these projects, with 2,000.00 million yuan allocated to registered capital and 18,236.30 million yuan to capital reserves. The total raised funds as of November 30, 2025, were 58,650.08 million yuan, with the remaining 48,104.35 million yuan to be invested by the company and Teway Heyuan.

Additionally, Teway Food is extending the completion dates for the "Marketing Service Network and Digital Upgrade Construction Project," "Shuangliu Production Base Comprehensive Technical Renovation Project," and "Jiayuan Production Base Comprehensive Technical Renovation Project" from December 2025 to December 2027. These postponements are attributed to economic adjustments, industry developments, and the need for updated equipment and project approvals, as confirmed by the board and ratified by the lead underwriter, Dongxing Securities.