Xianfeng Holdings plans to terminate the relevant agreements of the feed business and exit the business.

On September 26, 2025, Xianfeng Holdings held a board meeting to review and approve the resolution to sign the agreement to terminate related contracts. Its holding subsidiary Kangxiyuan had previously signed leasing and purchase agreements with Zunyi Riquan and other companies for the feed factory. Now, after negotiations, Kangxiyuan plans to sign termination agreements with the relevant parties and exit the feed business. The handover matters will be gradually completed after the agreement is signed. The "Agreement on Termination of Feed Purchase and Sale Agreement and its Supplemental Agreement" stipulates that the outstanding payments will be settled by October 15, 2025; the "Agreement on Termination of Lease Contract" specifies that the lessor will refund 488,200 yuan rent by October 15, 2025. This termination agreement will not have a significant impact on the company's future operations.