According to the announcement, the company's two fund-raising projects for the non-public offering of A-shares in 2020, the “Shanghai Specialty Cheese Intelligent Production and Processing Project” and the “Jilin Original Cheese Processing and Construction Project”, have been completed and are scheduled to be ready for use, and are scheduled to be completed on October 31, 2026. As of September 30, 2026, the above projects are expected to raise a total of 321 million yuan in capital savings. The company plans to permanently supplement working capital with this portion of the savings for daily production and operation. The matter has been reviewed and approved by the board of directors of the company and still needs to be submitted to the shareholders' meeting for consideration.

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