Shenzhen Agricultural Products to hold 2025 extraordinary general meeting for auditor reappointment

Shenzhen Agricultural Products Group will hold its third extraordinary general meeting of shareholders for 2025 on November 12, 2025, at 3:00 PM. The meeting will include online voting from 9:15 AM to 3:00 PM. A key agenda item is the reappointment of Zhilong Certified Public Accountants (Special General Partnership) as the company's auditor for 2025, a proposal previously approved by both the board and supervisory committee.

The board and supervisory committee meetings, held on October 15, 2025, unanimously approved the auditor reappointment. This decision also covered the extension of a RMB41,000m loan to its subsidiary, Tianjin Haijixing Agricultural Products Logistics Co., Ltd., until December 31, 2026. Additionally, the company recently opened two dedicated settlement accounts for cash management of temporarily idle raised funds, totaling up to RMB1.37bn.

Zhilong Certified Public Accountants, with 1,359 registered accountants and a 2024 revenue of RMB2.614bn, reported no criminal penalties in the past three years. The audit fee for 2025 will be RMB1.85m (tax inclusive). Shareholders will need to register for the meeting on November 11 or 12, 2025, through various methods including in-person or mail/fax.