Muyuan Foods' shareholder stake exceeds 56% due to buybacks

Muyuan Foods (SZSE:002714) announced that the stake held by its controlling shareholder and persons acting in concert has increased to 56.01% from 55.72%. The change is primarily due to the company's repurchase of shares using a dedicated securities account, the cancellation of restricted stock, and conversions of its "Muyuan Convertible Bonds" (SZSE:127045). From December 12, 2024, to April 22, 2025, Muyuan repurchased 25.86 million shares and retired 2.59 million restricted shares. Additionally, CNY 4,993 worth of convertible bonds were exercised during this period. The controlling shareholder, Muyuan Industrial Group, along with Qin Yinglin, Qian Ying, and Qin Muyuan, continue to act in concert. The company confirmed it will continue its previously announced share repurchase plan, within a range of CNY 3 billion to CNY 4 billion.