Muyuan Foods revises shareholder loan, adds transactions and H-share plans

Muyuan Foods (SZSE:002714) has announced a series of strategic adjustments, including revisions to a related-party loan agreement, the addition of new routine related transactions, and updates to its H-share issuance plan. The company plans to submit a revised loan proposal for no more than CNY 5 billion with interest rates determined by market conditions to its shareholders. This proposal still needs to be greenlit by its shareholders. Moreover, the company also intends to increase the projected limit for routine related-party transactions with Zhejiang Junengbao Oil Products and Henan Junengbao Energy to CNY 400 million and CNY 300 million, respectively, due to actual business needs. The H-share offering is still pending and needs China Securities Regulatory Commission(CSRC) approval. All proposals will be voted at the company's general shareholder meeting on May 16, 2025.