Muyuan Foods completes shareholding plan, suspends convertible bond conversion

Muyuan Foods has completed the non-trade transfer of 41,870,100 shares for its 2025 operating shareholding plan, fulfilling the disposal of shares repurchased in 2023. These shares, representing 0.77% of the company's total share capital, were acquired through a repurchase program totaling 199,954.34 yuan, with an average price of 47.76 yuan per share. The shareholding plan, which includes participants from management, core employees, and key staff, involved a total subscription of 1,048,427,078.64 yuan and will be subject to lock-up periods of 12, 24, and 36 months, with phased unlocking based on performance.

Concurrently, the company announced that its "Muyuan Convertible Bonds" will temporarily suspend conversion from September 30, 2025, until the first trading day following the record date for the 2025 semi-annual equity distribution. This suspension is in accordance with regulatory guidelines for equity distribution periods and ensures proper adjustment of the conversion price.

This series of transactions led to a passive dilution of the controlling shareholders' stake, decreasing from 56.01% to 55.82% of the total share capital, without any change in the number of shares held by the controlling shareholders. The company confirmed that these actions do not alter its controlling shareholder or actual controller.