FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260715E00048 
1. Date of relevant event: 10/07/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 02714
4. Name of listed corporation: Muyuan Foods Group Co., Ltd. - H Shares 
5. Class of shares: H Shares 
6. Number of issued shares in class: 310,223,100
7. Name of substantial shareholder: Pandanus Associates Inc. 
8. Registered office: 11 Keewaydin Drive, Suite 100, Salem, NH, USA 03079
9. Principal place of business in Hong Kong: N/A 
15. Exchange on which listed:
16. Name of listed parent and exchange on which parent is listed:  
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
1101The percentage level of your interest in the shares has increased because:
you purchased the shares
2201Interest of corporation controlled by you
 630,100 HKD 32.7000 32.2217
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position30,543,0009.85
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position31,173,10010.05
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2201Interest of corporation controlled by you
Long position31,173,100

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
  
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
Pandanus Partners L.P.11 Keewaydin Drive, Suite 100, Salem, NH, USA 03079Pandanus Associates Inc.100.00N
Long position31,173,100
FIL LimitedPembroke Hall, 42 Crow Lane, Pembroke, HM 19, BermudaPandanus Partners L.P.48.83N
Long position31,173,100
FIL Financial Services Holdings LimitedPembroke Hall, 42 Crow Lane, Pembroke, HM 19, BermudaFIL Limited100.00N
Long position31,173,100
FIL Financial Services Holdings 2 LimitedPembroke Hall, 42 Crow Lane, Pembroke, HM 19, BermudaFIL Financial Services Holdings Limited93.62N
Long position31,173,100
FIL Asia Holdings Pte Limited8 Marina View, #27-01 Asia Square, Tower 1, 018960, SingaporeFIL Financial Services Holdings 2 Limited100.00N
Long position29,552,800
FIL Japan Holdings KK7-7-7 Roppongi, Minato-Ku, Tokyo 106-0032FIL Asia Holdings Pte Limited100.00N
Long position21,700
FIL Investments (Japan) Limited7-7-7 Roppongi, Minato-Ku, Tokyo 106-0032FIL Japan Holdings KK100.00N
Long position21,700
FIL Responsible Entity (Australia) LimitedLevel 17, 60 Martin Place, Sydney, NSW 2000, AustraliaFIL Asia Holdings Pte Limited100.00N
Long position16,800
FIL Investment Management (Hong Kong) Limited18/F, Three Pacific Place, 1 Queen’s Road East, Wanchai, Hong Kong FIL Asia Holdings Pte Limited100.00Y
Long position27,785,400
FIL Investment Management (Singapore) Limited8 Marina View, #27-01 Asia Square, Tower 1, 018960, SingaporeFIL Asia Holdings Pte Limited100.00N
Long position47,700
FIL Investment Management (Singapore) Limited8 Marina View, #27-01 Asia Square, Tower 1, 018960, SingaporeFIL Asia Holdings Pte Limited100.00Y
Long position11,654,400
FIL Fund Management LimitedPembroke Hall, 42 Crow Lane, Pembroke, HM 19, BermudaFIL Financial Services Holdings 2 Limited100.00N
Long position17,440,900
FIL Holdings (Luxembourg) S.à r.l.2a, rue Albert Borschette, L-1246 LuxembourgFIL Limited100.00N
Long position18,295,200
FIL Investment Management (Luxembourg) S.a r.l.2a, rue Albert Borschette, L-1246 LuxembourgFIL Holdings (Luxembourg) S.à r.l.100.00N
Long position18,295,200
FIL Investment AdvisorsPembroke Hall, 42 Crow Lane, Pembroke, HM 19, BermudaFIL Financial Services Holdings 2 Limited100.00Y
Long position1,615,900
FIL Holdings (UK) Limited4 Cannon Street, London, EC4M 5AB, United KingdomFIL Financial Services Holdings 2 Limited100.00N
Long position4,557,800
FIL Investment Services (UK) LimitedBeech Gate, Millfield Lane, Lower Kingswood, TADWORTH, SURREY, KT20 6RPFIL Holdings (UK) Limited100.00N
Long position4,149,500
FIL Investments InternationalBeech Gate, Millfield Lane, Lower Kingswood, TADWORTH, SURREY, KT20 6RPFIL Holdings (UK) Limited100.00N
Long position420,400
FIL Investments InternationalBeech Gate, Millfield Lane, Lower Kingswood, TADWORTH, SURREY, KT20 6RPFIL Holdings (UK) Limited100.00Y
Long position4,400
FIL Pensions ManagementBeech Gate, Millfield Lane, Lower Kingswood, TADWORTH, SURREY, KT20 6RPFIL Holdings (UK) Limited100.00N
Long position403,900
483A Bay Street Holdings LPClarendon House, 2 Church Street, Hamilton, HM11 BermudaFIL Financial Services Holdings 2 Limited82.00N
Long position47,700
Fidelity Canada Holdings (UK) Limited4 Cannon Street, London, EC4M 5AB483A Bay Street Holdings LP100.00N
Long position47,700
Fidelity Investments Canada ULC483 Bay Street, North Tower, Suite 300, Toronto, Ontario M5G 2N7, CanadaFidelity Canada Holdings (UK) Limited100.00N
Long position47,700

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information:
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded: 0
Date of filing this Form 2: 15/07/2026
(dd/mm/yyyy)