Zhuangyuan Pasture transfers dairy processing assets to subsidiary

Lanzhou Zhuangyuan Pasture (SZSE:002910) announced it is moving forward with the transfer of assets and liabilities related to its dairy processing operations to its wholly-owned subsidiary, Lanzhou Zhuangyuan Dairy. The company will increase the subsidiary's paid-up capital by CNY 19 million from the net assets of CNY 28,877,100, with the remaining CNY 9,877,100 added to the subsidiary's capital reserve. Existing employees will be transferred to the subsidiary. All agreements related to the transferred business will be amended to reflect the change in the responsible entity. The asset transfer will not have a significant impact on the company's financial status or operating results, and aligns with the company's strategic development.