Angel Yeast Co., Ltd. (600298.SH) subsidiary plans to implement a yeast protein core technology research project with an investment of 970 million yuan.

Angel Yeast Co., Ltd. (600298.SH) announced that its wholly-owned subsidiary, Angel Yeast Co., Ltd. (Yichang), plans to undertake a core technology research project for yeast protein, with an investment amount of 970 million yuan. The project aims to construct a production line with an annual output of 20,000 tons of yeast protein and by-products, along with a 4,000-ton compound production line and supporting environmental protection and public utility projects. The construction period is set for 16 months, with the expected start date in April 2027, and an estimated return on investment of 9.60%. This project will help the company seize development opportunities in the new protein industry, cultivate new productive forces in the field of biomanufacturing, and gain a competitive advantage in the industry. It aligns with the company's strategic plan to strengthen and expand the yeast protein industry during the 14th Five-Year Plan and position itself in the core track of future food, which will enhance the company's profitability.