Guangdong Yuehai Feeds approves dividend, expands business scope

Guangdong Yuehai Feeds' 2025 second extraordinary general meeting of shareholders, held on September 15, 2025, approved a semi-annual cash dividend of 1.13 yuan for every 10 shares, totaling 78,747,409.71 yuan. This distribution, based on 696,879,732 shares (excluding repurchased shares), will see the ex-dividend date on September 24, 2025. Additionally, shareholders approved changes to the company's business scope and articles of association.

The board of directors, at its sixth meeting on September 15, 2025, approved the initiation of accounts receivable factoring business, with a total amount not exceeding 10 billion yuan. This aims to optimize cash flow and reduce receivable balances. The board also endorsed a guarantee for its joint venture, Hunan Xuanjiu World Ecological Agriculture Co., Ltd., for the acquisition of fixed assets, totaling 1.244 billion yuan. This guarantee, provided by the wholly-owned subsidiary Hunan Yuehai Feeds Co., Ltd., is proportional and has a two-year term, subject to shareholder approval. The supervisory board has also approved the guarantee for Hunan Xuanjiu.