Guangdong Yuehai Feeds' major shareholders and senior management announce share reductions

Guangdong Yuehai Feeds announced that its controlling shareholder, Zhanjiang Shrimp Feed Co., Ltd., actual controller Zheng Shixuan, and their concerted party Zhanjiang Chengze Investment Partnership, plan to reduce their combined holdings by no more than 20,906,294 shares. This represents up to 3.00% of the company's total share capital after deducting shares in the buyback special account. The reductions will occur within three months starting January 15, 2026, through a mix of block trades and centralized bidding, citing personal capital needs.

Additionally, two senior executives, vice general manager and cfo Lin Dongmei, and vice general manager Han Shulin, each plan to reduce their holdings by up to 8,100 shares. This represents 0.0012% of the company's total share capital after deducting shares in the buyback special account, within the same three-month period. These shares originate from the company's 2023 employee stock ownership plan.

All parties have committed to adhering to relevant laws and regulations, including price restrictions, and have confirmed that the planned reductions are consistent with their previous commitments. The company will oversee their compliance throughout the reduction period.