Guangdong Yuehai Feeds establishes committee for 2025 employee stock ownership plan

Guangdong Yuehai Feeds Group Co., Ltd. held the first meeting of holders for its 2025 employee stock ownership plan on September 11, 2025. The meeting saw 247 out of 259 eligible holders present, representing 53.91 million units, or 91.58% of the initial grant of 58.87 million units. Key resolutions included the establishment of a management committee for the 2025 employee stock ownership plan.

The resolution to establish the management committee passed with 97.47% of votes in favor, totaling 52.55 million units. The committee, comprising three members, will be responsible for the daily supervision and operation of the plan, acting on behalf of holders. It also includes the election of Zhang Fanghua, Cai Hanqiu, and Zhu Yue Tan as committee members, with Zhang Fanghua appointed as the committee chairman.

Furthermore, the meeting granted the management committee broad authorization to handle various matters related to the plan, including convening holder meetings, overseeing daily management, exercising shareholder rights, managing assets, and processing unit registrations and distributions. This authorization, approved with 96.31% of votes in favor (51.92 million units), will remain valid until the plan's termination.