Bright Meat Group: Subsidiary plans to conduct forward foreign exchange transactions not exceeding NZ$1 billion by 2026.

Guangming Meat Industry announced that its overseas holding subsidiary in New Zealand, Silver Fern Farm Limited, plans to carry out forward foreign exchange trading operations in the 2026 fiscal year, with transaction amounts not exceeding 1 billion New Zealand dollars or equivalent in other currencies at any point in time, and the limit can be rolled over for use. The funds are from self-raising and do not affect normal production. The purpose of this business is to hedge against exchange rate fluctuation risks, not for speculative purposes. On November 17, 2025, the company's board of directors has reviewed and approved the relevant resolutions, which still require shareholder approval. The business carries risks such as market, performance, and liquidity, and the company has established risk control measures.