Yongan Forestry shifts voting rights to Yongan City Finance Bureau

Fujian Yongan Forestry Group Joint-Stock announced that Yongan City Yuanxing Caoyuan Town Construction Co., Ltd. has entrusted its voting rights for 12,611,300 shares, representing 3.75% of the total share capital, to the Yongan City Finance Bureau. This agreement, signed on December 19, 2025, is valid until March 25, 2027.

Following this entrustment, the Yongan City Finance Bureau will control 26,160,865 voting rights, accounting for 7.77% of the company's total share capital. The two parties formed an "acting in concert" relationship to optimize the listed company's equity structure, as stated in the updated disclosure. This action follows a previous agreement signed on March 26, 2024, which was later terminated on November 21, 2025, and a regulatory decision from the Fujian Regulatory Bureau of the China Securities Regulatory Commission on December 1, 2025.

The company clarified that this equity change does not involve a takeover bid and will not alter the controlling shareholder or the actual controller of Fujian Yongan Forestry Group. The Finance Bureau currently holds 13,549,565 shares, representing 4.02% of the company's equity.