Muyuan Foods Group Co., Ltd. plans to enlarge its board from eight to nine members and introduce a lifetime honorary chairman role, according to an announcement dated 1 June 2026. The revisions, which require shareholder approval at the company’s second extraordinary general meeting in 2026, also add an employee-representative director and update the list of senior‐management positions.

Founder and current chairman Qin Yinglin, who began the business in 1992, has resigned as executive director, board chairman, company president and head of the board’s Strategy and Sustainable Development Committees after reaching the mandatory retirement age. Subject to approval of the amended Articles, he will serve as Muyuan’s honorary chairman for life and lead the newly established Muyuan Hog Farming Research Institute.

Vice chairman Cao Zhinian has stepped down from his roles as vice chairman, executive vice president and head of finance. He remains an executive director and has been appointed board chairman and chair of the Strategy and Sustainable Development Committees, effective 1 June 2026, for the remainder of the fifth board term.

The board has nominated two new executive-director candidates—chief financial officer Gao Tong and Qin Muyuan, chief executive of the group’s slaughtering and meat division, Muyuan Meat. Their appointments are subject to shareholder approval at the forthcoming EGM. Gao, 32, joined Muyuan in 2017 and directly owns 0.32 million A-shares. Qin Muyuan, 31, who is the son of Qin Yinglin and non-executive director Qian Ying, holds 11.10 million A-shares.

Following audit-committee approval, Gao will also assume the posts of president and head of finance from 1 June 2026. He and Qin Muyuan will serve until the end of the current board term, with remuneration to be set by the board in line with industry benchmarks and the company’s needs.

As of the announcement date, Muyuan’s board comprises executive directors Cao Zhinian and Yang Ruihua; non-executive directors Qian Ying and Su Danglin; and independent non-executive directors Chow Ming Sang, Yan Lei and Feng Genfu. The employee-representative director seat will be filled upon shareholder approval of the amended Articles.

Key shareholdings disclosed: • Gao Tong: 0.32 million A-shares. • Qin Muyuan: 11.10 million A-shares. • Cao Zhinian: 12.54 million A-shares plus convertible bonds worth RMB22.46 million (potentially adding 0.52 million A-shares at full conversion). • Yang Ruihua (spouse of Cao): 13.94 million A-shares plus convertible bonds worth RMB24.85 million (potentially adding 0.57 million A-shares at full conversion).

A circular detailing the board changes, proposed director appointments and Articles amendments will be dispatched to shareholders in accordance with Hong Kong Listing Rules.