禾丰股份：禾丰股份2024年年度报告（英文版）

1/263Wellhope Foods Co., Ltd.2024Annual Report 2/263Important StatementsI. The Board of Directors, the Supervisory Board, theDirectors,Supervisors andSeniorManagement ofthe Company hereby warrant that the contents of this annual report are true, accurate and complete,and do not contain any false records, misleading statements or material omissions, and severally andjointly accept legal responsibility for the contents hereof.II. All members of the Board attended the Board meeting.III. RSM CHINA CPA LLP issued a standard unqualified audit opinion on the Company’s financialIV. Mr. Jin Weidong, theLegalRepresentative of the Company,andMr. Chen Yu, theChiefFinancialOfficer(responsible for accounting affairs), hereby declare that they guarantee the truthfulness,accuracy and completeness of the financial statements contained in the annual report.V. Proposed profit distribution for thereportingperiodapproved by the Board of DirectorsThe Board proposes to distribute a cash dividend of RMB0.058 per share (inclusive of tax), based onthe total number of issued shares as of the record date for dividend distribution, excluding sharesrepurchased and held in the Company’s repurchase account.As of April 20, 2025, the Company had919,434,448 shares in issue. Based on 868,671,037 shares, which exclude 50,763,411 shares held in therepurchase account, the total proposed cashdividendamounts to RMB 50,382,920.15 (inclusive of tax).In2024, the Company repurchaseditsshares throughbidding on the Stock Exchange withtotalconsiderationamounting to RMB 287,387,710.93.The aggregate amount of cash returned toshareholders, comprising both thecashdividend and share repurchases, totaled RMB 337,770,631.08,representing 98.63% of the net profit attributable to shareholders of the Company for the year.Shares held in the Company’s repurchase account are not entitled to dividends. In the event of anychange in the total number of shares in issue between the date of this announcement and the recorddate, the per share dividend amount will remain unchanged, and the total distribution amount will beVI. Statement on risks relating to forward-looking statementsThe forward-looking statements contained in this report, including but not limited to business plans,development strategies and other related information, do not constitute substantive commitments bythe Company to investors. Investors are advised to pay attention to potential investment risks.VII. Whether there was any non-operating use of funds by the controlling shareholder or relatedVIII. Whether the Company provided external guarantees in violation of prescribed decision-makingIX. Whether more than half of the Directors failed to guarantee the truthfulness, accuracy and statements.adjusted accordingly.parties?Noprocedures?No completeness of the Company’s annual report?NoX. MaterialriskwarningThe relevant risk factors have been discussed in detail in this report. For further information, pleaserefer to the subsection “Potential Risks” under “Section III–Management Discussion and Analysis”.XI.This annual report is published in both Chinese and English versions. In the event of anyinconsistency or ambiguity between the two versions, the Chinese version shall prevail. The Chineseversion of the 2024 Annual Report is available on the website of the Shanghai Stock Exchange atwww.sse.com.cn. 3/263 4/263ContentsGlossary...............................................................................................................................5Company Profile and Key Financial Information.................................................................6Management Discussion and Analysis................................................................................9Corporate Governance, Environmental Protection and Social Responsibility..................43Important Disclosures.......................................................................................................77Changes in Common Shares and Shareholder Information..............................................87Corporate Bond.................................................................................................................92Financial Statements.........................................................................................................95The financial statements have been signed and sealed by the Company'sLegalRepresentativeandtheChiefFinancialOfficer (responsible for accounting affairs).The original audit report bears the seal of the accounting firm and has also beensigned and sealed by the certified public accountants.The full text of all documents and announcements publicly disclosed during thereporting period on the websites designated by the China Securities Regulatory Section ISection IISection IIISection IVSection VSection VISection VIISection VIIIDocumentsavailable forinspectionCommission. 5/263Section IGlossaryChina Securities Regulatory CommissionShanghai Stock ExchangeWellhope Foods Co., Ltd.Ja