Guolian Aquatic to halt project, reallocate funds to working capital

Zhanjiang Guolian Aquatic Products (SZSE:300094) announced plans to terminate its "Aquatic Product Processing Expansion Project" due to changing market conditions, including reduced demand for crayfish and a saturated pre-prepared meal market. The company will reallocate the remaining funds of CNY 46,841,550.00 from the project to permanent working capital, aiming to improve efficiency and optimize resource allocation.