Anjoy Foods Group Co., Ltd. (Stock Code: 2648) will hold its 2025 First Extraordinary General Meeting (EGM) at 2:30 p.m. on Friday, November 28, 2025, in Xiamen. Shareholders will vote on multiple proposals, notably a registered capital increase, abolition of the supervisory committee, various amendments to corporate governance documentation, and adjustments to certain proceed-funded projects.

The Company’s registered capital will rise from RMB293,294,232 to RMB333,288,932, reflecting the completed issuance of 39,994,700 H shares. In tandem, the Company proposes abolishing its supervisory committee, transferring oversight responsibilities to the board’s audit committee. Several corporate governance measures, including updates to the articles of association and procedural rules for board and shareholder meetings, will also be presented for approval.

An additional key proposal is to revise the use of some proceeds previously allocated to four technical renovation projects and one expansion project. The Company plans to reallocate RMB361.41 million toward a bread baking project, representing approximately 6.41% of its net proceeds from a prior private placement. The board cites shifting market conditions and consumer demand as the rationale for directing part of these funds into bakery-related capacity expansion.

All relevant materials, including the proposals and the meeting notice, are available for shareholder review. If approved, the changes will become effective following the 2025 First EGM. The board has stated that all decisions will comply with regulatory requirements and the Company’s strategic objectives.