New Hope: Intend to use idle fundraising to supplement liquidity, and establish a joint venture company with two funds.

New Hope announced that the eighth meeting of the tenth board of directors approved two proposals. The first is to use up to 387 million yuan of idle funds raised to temporarily supplement working capital, with a term not exceeding 12 months, and an estimated saving of approximately 5.805 million yuan in financial expenses. By 2025, a total of 7.743 billion yuan will have been invested from the funds raised. The second proposal is to jointly invest 2.87 billion yuan in a joint venture company with central enterprise funds and underdeveloped funds, with the company contributing 2.1 billion yuan, accounting for 73.17%. The joint venture company will acquire 100% equity of three of the company's subsidiaries and establish sixteen new pig farming subsidiaries in key development areas. Both proposals do not require a shareholder vote.