Angel Yeast Co., Ltd. (600298.SH) subsidiary HONGYU PACKAGING had a safety accident, and measures have been taken to suspend and rectify the relevant equipment.

Angel Yeast Co., Ltd. (600298.SH) announced that its subsidiary, Hubei Hongyu Packaging Co., Ltd. (HONGYU PACKAGING), had an accident in the printing section during production, resulting in the death of a night shift operator after rescue efforts. Following the accident, HONGYU PACKAGING immediately activated their emergency response plan and organized rescue efforts. After the accident, HONGYU PACKAGING conducted a comprehensive safety check and suspended production for related equipment. Production will resume after investigation authorities provide their conclusions and the necessary corrective actions are completed. As the investigation and aftermath of the accident are still ongoing, HONGYU PACKAGING has not yet received the investigation report or recommendations from the investigation team. The financial impact on HONGYU PACKAGING is uncertain due to the indefinite suspension of equipment. The company will minimize losses from the accident through production adjustments in the future.