Haixin Foods adjusts investments, reconfigures governance after Q3 review

Haixin Foods disclosed a provision for asset and credit impairment losses totaling CNY -4,571,600 for the first three quarters of 2025, a figure projected to increase total profit by the same amount. Concurrently, the company is adjusting the investment scale and internal investment structure of its "Aquatic Product Deep Processing and Frozen Prepared Dishes Project." The total investment for this project has been revised from CNY 675,990,400 to CNY 590,562,200, with a corresponding change in the allocated raised funds. These adjustments aim to optimize resource allocation and enhance efficiency, aligning with the company's operational realities and future development plans.

In conjunction with these financial and strategic shifts, Haixin Foods is undertaking a comprehensive overhaul of its governance framework. This includes revising its Articles of Association and implementing new, revised, and abolished governance policies. These changes, spanning from external investment management to internal audit procedures, are designed to enhance risk control, ensure compliance with evolving regulations, and improve overall corporate governance. Most of these governance changes require shareholder approval and are scheduled for review at the first extraordinary general meeting of shareholders on November 17, 2025.