Zhuangyuan Pasture board approves joint investment in subsidiary

Lanzhou Zhuangyuan Pasture announced the resolution of its Sixth Extraordinary Meeting of the Fifth Board of Directors, held on May 9, 2025. The board approved a proposal regarding joint investment with related parties to establish a subsidiary. All nine directors attended, with related directors Wang Zhiyuan and Fan Zhonglin abstaining from the vote. The remaining seven directors voted in favor of the proposal. The company’s independent directors had previously reviewed and expressed their explicit consent to the transaction during a special meeting. The resolution does not require submission to a general meeting of shareholders.