According to Muyuan Foods Co., Ltd. (the “Company”), the securities involved in its Global Offering are not registered under the U.S. Securities Act of 1933 and may only be offered under specific conditions in the United States. The Company clarifies no public offering will be made in the United States. The Stock Exchange and relevant entities disclaim responsibility for the announcement’s contents.

On March 5, 2026, the Company partially exercised the Over-allotment Option, resulting in 36.27 million additional H Shares (“Over-allotment Option Shares”) at HK$39.00 per share. This figure represents approximately 13.20% of the total Offer Shares initially available under the Global Offering. As a result, the total number of H Shares in issue will increase from 273.95 million to 310.22 million, while the Company’s overall share capital will rise from 5,736.72 million to 5,772.99 million shares.

The Over-allotment Option Shares are expected to commence trading on the Main Board of the Stock Exchange at 9:00 a.m. on March 10, 2026. The Company expects to receive additional net proceeds of around HK$1.40 billion from these newly issued H Shares, which will be allocated in proportion to previously disclosed future plans.

The announcement also confirms that the stabilization period ended on March 5, 2026. During the stabilization period, 41.09 million H Shares were over-allocated, 4.82 million H Shares were purchased in the price range of HK$38.98 to HK$39.00 per H Share, and Morgan Stanley Asia Limited acted as Stabilizing Manager. The portion of the Over-allotment Option not exercised by the Overall Coordinators has subsequently lapsed.

Following the partial exercise of the Over-allotment Option and the end of stabilization, the public float requirement under Rule 19A.28B(2) of the Listing Rules is satisfied. The Board of the Company notes that the funding raised will be utilized for the purposes stated in its Prospectus, and no revisions have been made to the shareholdings already announced.