Muyuan Foods Co., Ltd. (referred to as the Company) sold approximately 4.60 million finished hogs in February 2026, marking a 0.77% year-on-year decrease. Approximately 2.40 million of these were sold to a wholly owned subsidiary, Muyuan Meat Co., Ltd., and its subsidiaries. The February 2026 average selling price was RMB11.59 per kilogram, reflecting an 18.72% year-on-year drop. Revenue from finished hogs stood at RMB6,405 million, a 23.98% decrease compared to the same period last year.

Over the first two months of 2026, the Company recorded cumulative sales of 11.61 million finished hogs and generated RMB16,971 million in revenue. The disclosed figures are unaudited and subject to possible variation from the Company’s periodic reports. Significant fluctuations in hog market prices and potential animal diseases remain key external risks with potential material impact on business operations.