Yantang Dairy updates risk plan, prepares for board election

Guangdong Yantang Dairy (SZSE:002732) has approved revisions to its risk disposal plan for deposit and loan business with Guangdong State Farms Group Finance Company Limited. The updates, approved by the fifth board meeting on December 15, 2025, primarily remove temporary information disclosure obligations from Article 7 of the plan. This decision coincided with the board’s approval to elect new independent and non-independent directors for the sixth board, with nominations including Feng Likai, Shao Xia, Chen Ming, Yang Wei, and Li Hong as non-independent directors, and Guo Baochun, Huang Xiaohong, and Li Biansheng as independent directors.

The board also approved revisions to the company’s Articles of Association, changing the registered address and specifying that the legal representative is the director executing company affairs. Furthermore, the company will cancel prior bank credit facilities totaling RMB 38,000, and its wholly-owned subsidiary, Jieyang Yantang Dairy Co., Ltd., will apply for new comprehensive credit facilities of up to RMB 40,000 from commercial banks. These measures, along with amendments to the "Management Measures for Raised Funds," will be presented at the third extraordinary general meeting on December 31, 2025.