FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260930E00097 
1. Date of relevant event: 29/09/2026
(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. - A Shares 
5. Class of shares: A Shares 
6. Number of issued shares in class: 5,462,773,044
7. Name of substantial shareholder: Muyuan Industrial Group Co., Ltd. 
8. Registered office: Yangzhai Village, Guanzhang Town, Neixiang County, Nanyang, Henan Province, China
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
1213The percentage level of your interest in the shares has reduced because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2101Beneficial owner
2101Beneficial owner
10,886,426
Short position 
 
 
 
           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position941,100,12717.23
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position930,213,70117.03
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2101Beneficial owner
Long position848,762,153
2201Interest of corporation controlled by you
Long position69,586,523
2101Beneficial owner
Long position11,865,025

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4103Listed derivatives - Convertible instruments
Long position11,865,025
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
Muyuan Foods Group Co., Ltd.Longsheng Industrial Park, Wolong District, Nanyang, Henan Province, China (China)Muyuan Industrial Group Co., Ltd.15.54Y
Long position69,586,523
Short position0

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: The Convertible Bonds with an outstanding principal amount held by Muyuan Industrial Group Co., Ltd. ("Muyuan Group") was decreased from RMB985,592,900 to RMB513,992,900. In the event of full conversion of Convertible Bonds, Muyuan Group shall hold an aggregate of 11,865,025 A Shares of the Company at conversion price at RMB43.32.
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 30/09/2026
(dd/mm/yyyy)