Muyuan Foods’ shareholding plans elect management committees, grant broad powers

Muyuan Foods convened initial meetings for its 2025 operating, striving, and core employee shareholding plans on October 9, 2025, via communication. During these meetings, participants approved the establishment of management committees for each plan, which will act as daily management bodies and exercise shareholder rights on behalf of the holders.

For the 2025 Operating Shareholding Plan, 202 holders, representing 9,116,814 shares (94.8381% of total), elected Mao Jinyi, Xiao Yulong, and Zhang Hehe to the management committee, with Mao Jinyi appointed committee director. Similarly, for the 2025 Striving Shareholding Plan, 3,338 holders, representing 22,225,434 shares (94.5823% of total), elected Cao Qingwei, Yang Zhonghua, and Chen Yulai, with Cao Qingwei as director. For the 2025 Core Employee Shareholding Plan, 969 holders, representing 8,170,575 shares (93.2870% of total), elected Niu Cuicui, Pan Zhiyong, and Chang Yihe, with Niu Cuicui as director.

Each management committee received authorization to handle various plan-related matters, including convening and presiding over meetings, opening accounts, overseeing daily management, exercising shareholder rights, formulating and executing refinancing plans, conducting liquidation and asset distribution, and managing stock lock-up, unlocking, and distribution. These authorizations are valid until the termination of each respective shareholding plan.