Wen's Shares: Announcement on the Acceptance of the Application for Listing of the Controlled Subsidiary on the National Equities Exchange and Quotations of the National Equities Exchange and Quotations
Wen's Food Group Co., Ltd. Securities Code: 300498 Securities Abbreviation: Wen's Shares Announcement Number: 2026-114 Bond Code: 123107 Bond Abbreviation: Wen's Convertible Bonds
Wen's Food Group Co., Ltd.
Announcement on the Acceptance of the Application for Listing of the Controlled Subsidiary on the National Equities Exchange and Quotations
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.
Jiangsu Jinghai Agriculture and Animal Husbandry Co., Ltd. (hereinafter referred to as "Jinghai Shares"), a holding subsidiary of Wen's Food Group Co., Ltd. (hereinafter referred to as the "Company"), received the "Acceptance Notice" (No. GP2026080007) issued by the National Equities Exchange and Quotations Co., Ltd. on August 31, 2026. The application documents submitted by Jinghai Shares for listing on the National Equities Exchange and Quotations have been accepted. The relevant matters are hereby announced as follows:
1. Basic situation of Jinghai Shares
(1) Basic information
Full company name Jiangsu Jinghai Agriculture and Animal Husbandry Co., Ltd.
Unified social credit code 91320684138819342G
Registered capital 360 million yuan
Established on June 30, 1994
Registered address: No. 380, Renmin East Road, Haimen Street, Haimen District, Nantong City, Jiangsu Province
Legal representative and chairman Gu Yunfei
Wen's Food Group Co., Ltd.
Poultry breeding, hatching of eggs; sales of breeding equipment, feed, veterinary drugs, and poultry eggs; grain purchase; business scope: production of organic fertilizers and premixed feeds; poultry slaughtering, harmless treatment of dead livestock and poultry; road freight,
Technical services, etc.
Core main business: production and sales of white-feather broiler parent chicks and commercial chicks
(2) Equity structure
Guangdong Wenshi Investment Co., Ltd., a wholly-owned subsidiary of the company, directly holds 278,424,750 shares of Jinghai Shares, with a shareholding ratio of 77.34%, and is its controlling shareholder; in addition, Xinxing County Wenzhi Equity Investment Co., Ltd., a wholly-owned subsidiary of the company, indirectly holds 0.11% of Jinghai Shares, and the company indirectly holds 77.45% of Jinghai Shares in total.
The equity structure of Jinghai Shares is as follows:
No. Name of shareholder Number of shares held (shares) Shareholding ratio 1 Guangdong Wenshi Investment Co., Ltd. 278,424,750 77.34% 2 Zhoushan Jingjie Venture Capital Partnership (Limited Partnership) 24,516,205 6.81% 3 Gu Yunfei 6,819,666 1.89% 4 Nantong Jingjie Management Consulting Partnership (Limited Partnership) 5,290,106 1.47% 5 Li Bin 4,389,018 1.22% 6 Zhu Xinfei 3,452,815 0.96% 7 Xu Zhenhui 3,160,121 0.88% 8 Cheng Jianbing 2,774,503 0.77% 9 Zhang Hong 2,375,311 0.66% 10 Chen Jianchong 2,323,107 0.65% 11 Nantong Jingmu Management Consulting Partnership (Limited Partnership) 1,866,526 0.52% 12 Zhu Yizhong 1,862,314 0.52% 13 Yang Yongmei 1,606,859 0.45% 14 Chen Ju 1,514,631 0.42% 15 Xingxingjuan 1,444,676 0.40% 16 Gu Yuping 1,392,124 0.39% 17 Wang Suping 1,218,108 0.34%
Wen's Food Group Co., Ltd. No. Shareholder name Number of shares held (shares) Shareholding ratio 18 Shen Xiaohong 1,181,565 0.33% 19 Shi Nianxiang 1,179,129 0.33% 20 Cai Yongle 1,149,198 0.32% 21 Wang Hongsheng 1,124,140 0.31% 22 Sun Xiaodong 1,093,861 0.30% 23 Ji Suping 1,085,160 0.30% 24 Zhang Xuemei 1,085,160 0.30% 25 Ding Cuihua 1,085,160 0.30% 26 Gu Xiangqun 1,085,160 0.30% 27 Guo Weihong 1,085,160 0.30% 28 Cui Jinxiong 1,085,160 0.30% 29 Qiu Weiqin 1,085,160 0.30% 30 Shen Liming 1,085,160 0.30% 31 Cao Zhiming 1,044,093 0.29% 32 Chen Heqiang 115,894 0.03%
Total 360,000,000 100.00%
(3) Financial situation
According to the Huaxing Shenzi [2026] 26002100050 audit report issued by Huaxing Accounting Firm (Special General Partnership), the main financial data of Jinghai Shares in the past two years and the first period are as follows:
Project February 28, 2026 December 31, 2025 Total assets on December 31, 2024 (10,000 yuan) 120,903.13 118,528.79 108,288.99 Total shareholders’ equity (10,000 yuan) 101,644.91 97,753.21 86,147.21
Project January-February 2026 2025 Operating income in 2024 (10,000 yuan) 12,493.48 85,456.03 91,935.20 Net profit (10,000 yuan) 3,700.23 28,208.97 30,211.41
Wen's Food Group Co., Ltd.
2. The purpose of Jinghai Shares’ application for listing and its impact on the company
After Jinghai Shares was listed on the National Equities Exchange and Quotations, it will help improve the legal person governance structure and standardize operations of Jinghai Shares, focus on the development of its main business, expand financing channels, and enhance market competitiveness.
The company's core main business is the breeding of pigs and Chinese native chickens (yellow-feathered broiler chickens). The core main business of Jinghai Co., Ltd. is the production and sales of white-feathered broiler parent broiler chicks and commercial chicks. There are obvious differences in product categories and downstream customer groups between the two. Jinghai Shares and the company remain independent in terms of personnel, assets, finance, institutions, business, etc., and Jinghai Shares' assets, income and profit scale are relatively small compared to the company as a whole. After its listing, it will still be a controlled subsidiary within the scope of the company's consolidated statements. It will not affect the company's control over it, nor will it affect the company's independent listing status, nor will it have a significant adverse impact on the company's financial status, operating results and continuing operations. The listing is conducive to optimizing the company's industrial layout, enhancing the company's overall asset valuation and segment competitiveness, maximizing the interests of the company's shareholders, and is in line with the company's long-term development strategy.
3. Decision-making status of this application for listing
Jinghai Shares’ application for listing this time has been reviewed and approved at the fifth meeting of its first board of directors and the fourth extraordinary shareholders’ meeting in 2026.
According to the "Articles of Association" and other regulations, Jinghai Shares' application for listing this time has been reviewed and approved by the board of directors of Guangdong Wenshi Investment Co., Ltd. and does not need to be submitted to the company's board of directors for review.
4. Risk warning
This time, Jinghai Shares prepared and applied for listing on the National Equities Exchange and Quotations System.
The matter of Wen's Food Group Co., Ltd. still needs to be reviewed by the National Equities Exchange and Quotations Co., Ltd., and there is uncertainty about the application results and review time. The company will promptly perform its information disclosure obligations in accordance with relevant laws and regulations, and investors are advised to pay attention to investment risks.
Announcement is hereby made.
Board of Directors of Wen's Food Group Co., Ltd.
September 1, 2026