[Temporary Announcement] Yifeng Zhinong: Announcement on the cancellation of the special account for raising funds from private placements
Announcement number: 2026-054 Securities code: 839934 Securities abbreviation: Yifeng Zhinong Sponsoring broker: Shenwan Hongyuan underwriting and sponsoring
Guangdong Yifeng Smart Agriculture Co., Ltd.
Announcement on Cancellation of Special Accounts for Raising Funds from Directed Issuance
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
1. Basic situation of raised funds
On October 14, 2024, the company held the 18th meeting of the third board of directors, and reviewed and approved the "Proposal on the Prospectus for the Directed Issuance of Stocks of Guangdong Yifeng Smart Agriculture Co., Ltd.", which was reviewed and approved at the seventh extraordinary general meeting of shareholders in 2024. As confirmed by the National Equities Exchange and Quotations System’s “Letter on Approving the Private Issuance of Stocks of Guangdong Yifeng Smart Agriculture Co., Ltd.” (Equity Transfer System Letter [2024] No. 2988), the company’s private issuance of no more than 25 million new shares. The stock issuance price is RMB 6.00 per share, and the total funds raised are RMB 150,000,000.00. The receipt of funds raised has been verified by Daxin Yanzi [2024] No. 34-00009 Capital Verification Report issued by Daxin Accounting Firm (Special General Partnership) on November 25, 2024.
2. Storage and management of raised funds
In order to standardize the company's management of raised funds and improve the efficiency of the use of raised funds, the company has formulated a "Raised Funds Management System" in accordance with relevant regulations and requirements, implements special account storage and management of raised funds, and implements strict approval procedures for the use of raised funds to ensure that the funds are used exclusively.
For the first directional stock issuance in 2024, the company signed a "Tripartite Supervision Agreement for Raised Funds" (hereinafter referred to as the "Tripartite Supervision Agreement") with Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. and China Construction Bank Co., Ltd. Zhongshan Branch (hereinafter referred to as "Construction Bank"). The three-party supervision agreement complies with the provisions of the "National Small and Medium-sized Enterprises Equities Exchange and Clearing System Directed Issuance of Stock Rules" and other business rules, and there are no problems with the performance of the "three-party supervision agreement."
All funds raised by the company are deposited in the special account for raised funds opened this time. The details are as follows:
Account opening bank Account opening entity Bank account number
China Construction Bank Co., Ltd. Guangdong Yifeng Smart Agriculture Co., Ltd. 44050178035200003891
Announcement number: 2026-054
Zhongshan Branch of the Company
Zhaoqing Dinghe Agriculture and Animal Husbandry Co., Ltd. 44050178035200003911
The company's raised funds have not been occupied by controlling shareholders, actual controllers or other related parties, nor have the raised funds been used in advance.
3. Actual use of raised funds
As of the cancellation date of the special account for raised funds, the funds raised by the company's first private placement of stocks in 2024 have been used up, and the actual usage is as follows:
Item Amount (yuan)
Total funds raised 150,000,000.00
Interest income 192,713.88
Total usable raised funds 150,192,713.88
The total amount of raised funds used is 150,192,713.88, of which, repayment of borrowings 110,000,000.00 and supplement of working capital 30,192,713.88
Meat supply chain center building construction project 10,000,000.00
Interest balance transferred back to the company’s basic account 1.59
Balance of raised funds as of September 14, 2026 0.00
4. Whether there is any change in the use of raised funds
The company held the 27th meeting of the third board of directors on August 6, 2025, the ninth meeting of the third board of supervisors, and the sixth extraordinary shareholders' meeting of 2025 on August 25, 2025, and reviewed and approved the "Proposal on Changing the Use of Part of the Raised Funds and Providing Loans to Dinghe Agriculture and Animal Husbandry". According to the motion, the company will adjust the 10 million yuan originally planned to supplement working capital to implement the meat supply chain center building construction project. The implementation entity of this project is Guangdong Yifeng Intelligent Agriculture Co., Ltd.
In addition to the above changes, there have been no other changes in the use of funds raised from the company's first directional stock issuance in 2024.
5. Cancellation of special account for raised funds
The funds raised from this stock issuance have been used according to the purpose of the raised funds. In accordance with the provisions of the "Guidelines for the Continuous Supervision of Companies Listed on the National Small and Medium-sized Enterprises Exchange System No. 3 - Management of Raised Funds", the company has completed the cancellation procedures for the special account for raised funds of the Zhongshan Branch of China Construction Bank on September 14, 2026. After the above-mentioned special account for raised funds is cancelled, the rights and obligations under the "Tripartite Supervision Agreement for Raised Funds" signed between the company, Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. and China Construction Bank Co., Ltd. Zhongshan Branch will terminate.
Announcement number: 2026-054
Board of Directors of Guangdong Yifeng Smart Agriculture Co., Ltd.
September 14, 2026