Maiquer's subsidiary Feiduoduo receives CNY 1.8m capital injection from related party

Maiquer Group (SZSE:002719) announced that its subsidiary, Feiduoduo Organic Ranch, will receive a CNY 1.8 million capital injection from Xinjiang Yitai Fu Animal Husbandry, a related party and holding subsidiary of the company's controlling shareholder. Following the transaction, Maiquer's ownership in Feiduoduo will decrease from 99% to approximately 9.9%, while Yitai Fu will hold 90%. Consequently, Feiduoduo will no longer be consolidated in Maiquer's financial statements. The move is part of Maiquer's strategic shift to focus on core businesses, enhancing the capital strength of Feiduoduo for green farming and digital upgrades. Maiquer estimates a positive impact on its 2025 net profit between CNY 2 million and CNY 4 million due to the de-consolidation. The transaction is subject to shareholder approval.