Wens Foodstuff Group adjusts convertible bond projects, terminates one due to land reclassification

Wens Foodstuff Group Co., Ltd., issuer of the "Wens Convertible Bond" (bond code: 123107), has released its Fourth Provisional Entrusted Management Affairs Report for 2025. The company will terminate the construction of the Xinhua Smart Ecological Farming Community Project by Guangxi Wens Foodstuff and Livestock Co., Ltd. This is due to land being reclassified into a water source protection area, rendering it unsuitable for the original plan. This project had a total investment of CNY 71.28 million, with no capital invested from the convertible bond proceeds.

Concurrently, the company adjusted the investment amounts for several other fundraising projects. This strategic move aims to enhance capital utilization efficiency and optimize resource allocation. The adjustments resulted in a total saving of CNY 25.9418 million from the original planned investment amounts. These saved funds will be retained in the special fundraising account for future investment projects, subject to further deliberation and disclosure.

As of September 30, 2025, the net proceeds from the convertible bonds amounted to CNY 922.24592 million. The company's registered capital increased from CNY 6,653,912,797 to CNY 6,653,927,141 due to the conversion of 14,344 shares between October 22, 2024, and October 20, 2025.