Guoquan Food (Shanghai) Co., Ltd. (Guoquan, 02517) will hold its 2025 annual general meeting (AGM) on 29 April 2026 in Shanghai to vote on 11 resolutions covering profit distribution, board renewal, capital management mandates and constitutional amendments.

Dividend proposal • Net profit for FY 2025 reached RMB 453.90 million, with RMB 432.90 million attributable to shareholders. • The board recommends a cash final dividend of RMB 0.0381 per share (tax-inclusive), totalling roughly RMB 100.20 million based on 2,629.21 million outstanding shares (treasury shares excluded) as at 12 March 2026. • Including the interim dividend of RMB 0.0716 per share (RMB 190.10 million) paid in 2025, the full-year payout would be RMB 0.1097 per share, or about RMB 290.30 million.

Dividend policy Shareholders will consider a new dividend policy committing Guoquan to distribute no less than 60% of annual net profit in cash for 2026-2028, with two regular dividends a year and scope for special dividends when justified.

Board and remuneration • Six non-independent directors and four independent directors are nominated for the second three-year board term. • Independent directors will each receive an annual allowance of RMB 360,000 pre-tax; executive and non-executive directors holding management posts will not receive additional board fees.

Auditor Ernst & Young is proposed for re-appointment as external auditor for FY 2026, with remuneration to be determined by the board.

Capital management mandates • Share issue mandate: authority to allot up to 20% of issued shares (approx. 525.84 million H shares, excluding treasury shares). • Share repurchase mandate: authority to buy back up to 10% of issued shares (approx. 262.92 million H shares). The company currently holds 118.15 million treasury shares and has repurchased 20.63 million shares on-market between October 2025 and January 2026. Repurchased shares may be cancelled or retained as treasury stock. • Approval to provide a joint-and-several guarantee of up to RMB 400 million for wholly owned subsidiary Hainan Guoquan International Food to support construction financing of its new food production base.

Governance amendments Proposed updates to the Articles of Association include renaming the Audit Committee as the Audit and Risk Management Committee, potential creation of an ESG Committee, and related procedural adjustments.

Key dates • Register closure for AGM attendance: 24–29 April 2026 (both days inclusive). • Record date for the proposed final dividend: 11 May 2026; expected payment on 18 June 2026.

The board recommends shareholders approve all resolutions, noting that current treasury shares carry no voting rights at the meeting.