Lanzhou Zhuangyuan Pasture restructures equity, closes fundraising project

Lanzhou Zhuangyuan Pasture Co., Ltd. will transfer 60% equity of Oriental Dairy Supply Chain (Xi'an) Co., Ltd. from Xi'an Oriental Dairy Co., Ltd. to Oriental Dairy (Shaanxi) Co., Ltd., effective June 30, 2025. This internal restructuring aims to optimize asset allocation and management, improving efficiency and profitability. The transfer was approved by the board and will not affect the company's financial standing or consolidated financial statements.

Concurrently, the company is closing its "Jinchuan District 10,000-Head Dairy Cow Breeding Circulation Industrial Park Project" from its 2020 private placement. The project, which used 20,971.70 yuan from the initial 32,887.88 yuan investment, is now complete. The remaining 12,546.78 yuan in unused proceeds will permanently supplement working capital for daily operations, a move approved by the board and pending shareholder approval.

The company also announced internal management adjustments, establishing eight functional centers, including enterprise governance, financial management, and quality safety. These changes, along with revisions to several governance policies covering external guarantees, related-party transactions, and fundraising, will be presented at the first extraordinary general meeting on September 26, 2025.