Kingkey Smart Agriculture: Share reduction plan ends early, new buyback and investments

Shenzhen Kingkey Smart Agriculture Times announced that its controlling shareholder, Kingkey Group Co., Ltd., has early terminated its share reduction plan as of December 5, 2025. The plan, initially disclosed on October 28, 2025, involved a reduction of up to 15,568,963 shares (3.00% of total share capital). Kingkey Group ultimately reduced 14,469,600 shares, equivalent to 2.79% of the company's total share capital, between November 21 and December 5, 2025. This action reduced Kingkey Group's and its concert parties' combined stake from 53.11% to 50.33%.

Concurrently, the company's board approved a share repurchase plan of up to RMB 200m for employee incentives and a plan to invest up to RMB 500m of idle funds in wealth management products. Additionally, several directors and senior management personnel, including Cai Xinping, Wu Zhijun, Xie Yongdong, Wang Honghe, Gu Bin, and Shang Pengchao, voluntarily pledged not to reduce their shareholdings for six months, starting from December 8, 2025.

In other news, for November 2025, Shenzhen Kingkey Smart Agriculture Times reported pig sales of 202,300 heads, generating revenue of RMB 301m, with an average sales price of RMB 12.44/kg for commercial pigs. Year-to-date sales for 2025 reached 2,111,300 heads, totaling RMB 3.464bn in revenue.