Guangdong Yuehai Feeds acquires Yixing Tianshi Feed, shareholder releases pledged shares

Guangdong Yuehai Feeds announced that its controlling shareholder, Zhanjiang Shrimp Feed Co., Ltd., released 12.5m pledged shares, representing 4.72% of its total holdings and 1.79% of the company's total share capital. The pledge began on October 11, 2024, and was released on November 14, 2025. Zhanjiang Shrimp Feed Co., Ltd. and its concerted parties now have 78.66m pledged shares, which is 29.73% of their total holdings and 11.24% of the company’s total share capital. The company clarified that its shares are not at risk of liquidation or forced transfer and that the pledge does not affect operations or governance.

Concurrently, Guangdong Yuehai Feeds announced the acquisition of 60% equity in Yixing Tianshi Feed Co., Ltd. for a purchase price of 132m yuan. This acquisition will transition Yixing Tianshi Feed into a controlling subsidiary. The acquisition, approved on November 17, 2025, aims to integrate the upstream core additive sector of the feed industry, enhancing profitability and market competitiveness. Yixing Tianshi Feed reported net assets of 17,893.83m yuan as of June 30, 2025, and achieved a net profit of 1,171.98m yuan for January-June 2025.