Muyuan Foods Group (02714) appoints Cao Zhinian as Chairman.

Muyuan Foods Group (02714) announced that on June 1, 2026, the Board received a written resignation notice from Mr. Qin Yinglin. According to company regulations, Mr. Qin Yinglin has reached the prescribed retirement age, and is voluntarily resigning from his positions as Executive Director, Chairman of the Board, CEO, and member of the Board's Strategic Committee and Sustainability Committee. Mr. Qin Yinglin's resignation will be effective from the date of submission to the Board (i.e. June 1, 2026). In addition, the Board intends to appoint Mr. Qin Yinglin as Honorary Chairman for life, providing guidance and support to the company in major strategic decisions and breakthroughs in core technology, to assist in the long-term development of the company. This appointment will take effect after the revised "Articles of Association" are approved by shareholders at an extraordinary shareholders' meeting. On June 1, 2026, the Board received a written resignation notice from Mr. Cao Zhinian. Due to work adjustments, Mr. Cao Zhinian is voluntarily resigning from his positions as Vice Chairman, Executive Vice President, and CFO, but will continue to serve as an Executive Director and member of the Board's Compensation and Assessment Committee. Mr. Cao Zhinian's resignation will be effective from the date of submission to the Board (i.e. June 1, 2026). After review and approval by the Board's Nomination Committee, the Board has nominated Mr. Gao Tong and Mr. Qin Muyuan as candidates for Executive Directors of the Fifth Board of Directors, subject to approval by shareholders at an extraordinary shareholders' meeting. Furthermore, the Board has announced that after review and approval by the Board's Nomination Committee, the Board has resolved to (i) appoint Mr. Cao Zhinian as Chairman of the Board, Director of the Strategic Committee, and Director of the Sustainability Committee, effective from June 1, 2026 until the end of the term of the Fifth Board of Directors; and (ii) appoint Mr. Gao Tong as CEO and CFO of the company (approved by the Board's Audit Committee), effective from June 1, 2026 until the end of the term of the Fifth Board of Directors.