Xinwufeng: Plans to acquire 18.88% equity of a controlled subsidiary for RMB 53.743 million
New Wufeng announced that the company plans to acquire, through an agreement-based transfer for RMB 53.7430 million, an aggregate 18.8812% equity interest in Guanglian Company held by 7 natural person shareholders of Hunan Changzhutan Guanglian Live Pig Trading Market Co., Ltd., a controlled subsidiary of the company. This transaction uses December 31, 2025 as the valuation benchmark date, and the appraised value of all shareholders' equity of Guanglian Company is RMB 284.6378 million, on which the transaction price is based. The source of funds is RMB 16.7430 million of own funds and RMB 37 million of bank loans, and the acquisition payment will be made in two installments. This transaction does not constitute a related-party transaction or a major asset restructuring, has been approved by the company's board of directors, and has not reached the threshold for review by the shareholders' meeting. After the acquisition is completed, the company's shareholding ratio in Guanglian Company will increase to 83.9161%, and Guanglian Company will remain a controlled subsidiary of the company.
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