【Shandong Ruihong Betaine Special】The financing amount will not exceed 440 million yuan! Huatong Shares plans to carry out financial leasing business

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(Source: Boya Hexun)

1. Transaction Overview

2. The basic purpose of this transaction is to activate assets and optimize the asset structure. Zhejiang Huatong Meat Products Co., Ltd. ( hereinafter referred to as the “Company” ) and its subsidiaries plan to use some production lines and equipment to engage in financial leasing business with qualified leasing companies that have no related-party relationships, through sale-leaseback arrangements, with a financing amount not exceeding RMB 440 million and a term of no more than 3 years. The authorization is valid for one year from the date the company’s board of directors approves it. During the authorization period, the credit limit can be used cyclically.

3. On April 2, 2026, the company’s Fifth Board of Directors’ 28th meeting approved the “Proposal on the Company’s Planned Financial Leasing Business.”

4. The company’s and subsidiaries’ planned financial leasing activities do not constitute related-party transactions, nor do they constitute major asset restructuring as defined by the “Administrative Measures for Major Asset Restructuring of Listed Companies.” Within the scope of the board’s authority, there is no need to submit for shareholder approval.

5. Basic Information of the Counterparty

The counterparty is a financial leasing institution with the relevant qualifications to conduct leasing business and has no related-party relationship with the company or its controlling subsidiaries.

3. Basic Information of the Leased Assets

4. Asset overview: Some production lines and equipment of the company and its subsidiaries.

5. Ownership of the assets: The assets are owned by the company and its subsidiaries, consisting of some production lines and equipment. There are no mortgages, pledges, or other third-party rights, clear ownership, and no significant disputes, lawsuits, or arbitration involving the assets. There are no seizures, freezes, or other judicial measures.

6. Main Content of the Contract

The above proposed leasing limit is calculated based on the company’s and subsidiaries’ financing needs. The leasing activities have not yet occurred, and relevant agreements or documents have not been signed. The specific details of the leasing, such as counterparty, leased items, actual financing amount, lease term, rent, and payment methods, shall be based on the actual signed agreements or contracts. For leasing activities within the scope of authorization, the company will fulfill its disclosure obligations in a timely manner according to relevant regulations.

5. Purpose of the Transaction and Its Impact on the Listed Company

By engaging in financial leasing, the company and its subsidiaries can activate existing assets, meet operational funding needs, and expand financing channels, further promoting smooth operation and development of the company and its subsidiaries. This leasing activity will not affect the normal use of the leased assets, will not have a significant impact on the company’s production, operations, or performance, will not harm the interests of the company and all shareholders, and will not affect the company’s independence. The risk of buyback is controllable.

6. Documents for Reference

7. Resolution of the 28th Meeting of the Fifth Board of Directors.

This announcement is hereby made.

Board of Directors of Zhejiang Huatong Meat Products Co., Ltd.

April 3, 2026

Source: Corporate Announcement. If there is any infringement, please contact for removal, phone: 0371-63357633.

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