Guangdong Yuehai Feeds approves financial, operational initiatives

Guangdong Yuehai Feeds announced that its board of directors approved the use of up to 100 million yuan of idle raised funds for cash management through low-risk wealth management products or deposits for up to 12 months, aiming to enhance returns. Additionally, the remaining raised funds, totaling 119.243 million yuan as of October 31, 2025, will be placed in agreed-upon and notice deposits for up to 12 months to improve efficiency. The company also sought and approved a comprehensive credit line of up to 4.975 bn yuan from banks for 2026 for itself and its subsidiaries, along with providing joint liability guarantees within the same limit.

Furthermore, the board approved providing guarantee deposits not exceeding 200 million yuan for customers' bank financing to purchase company products, facilitating sales and alleviating customer capital pressure. The company also anticipates 2026 daily related-party transactions totaling 59.43 million yuan, including sales of aquatic feed and animal health products, purchases of shrimp fry, and energy management services. The reappointment of Zhijian Certified Public Accountants (Special General Partnership) as the company's 2025 financial and internal control auditor was also approved, with an audit fee of 2.2 million yuan.