Lanzhou Zhuangyuan Pasture forecasts significant related party transactions for 2026

Lanzhou Zhuangyuan Pasture Co., Ltd. announced an estimated RMB 54.65m in daily related party transactions for 2026 with Gansu Agriculture Reclamation Tianmu Dairy Co., Ltd., Gansu Agriculture Reclamation Jinchang Farm Co., Ltd., Gansu Agriculture Reclamation Group Co., Ltd., and Gansu Yasheng Industrial (Group) Co., Ltd. These transactions, primarily for raw milk, forage, and other goods and services, were approved by the board on December 26, 2025. Independent directors concurred on the fairness and market-based pricing of these transactions. The estimated transactions for 2026 show a significant increase from 2025, which totaled RMB 27m.

In related news, the company announced the resignation of director Wang Zhiyuan due to work adjustments. To maintain board operations, the company’s controlling shareholder, Gansu Agriculture Reclamation Group, nominated Hu Shengyu as a non-independent director candidate. Mr. Hu, born in December 1972, holds a postgraduate degree and is currently a Party Committee member and deputy general manager of Gansu Agriculture Reclamation Group.

Additionally, Ma Gang was appointed to the company’s Fifth Board of Directors' Strategic Committee, effective December 26, 2025. This appointment ensures the smooth functioning of the board's specialized committees, aligning with company regulations and governance principles.