Haitian Flavouring and Food Industry's Board of Directors approved the 2026 annual routine related-party transaction plan, with an estimated total exceeding 1.7 billion yuan.

Zhongfang Network Data: Foshan Haitian Flavoring Food Co., Ltd. (stock code: 603288, stock abbreviation: Haitian Flavoring) held the twelfth meeting of its sixth board of directors on March 26, 2026, and approved the proposal on the “2026 Annual Routine Related Party Transaction Plan.” According to the plan, the company expects to engage in routine related party transactions with its controlling shareholder Guangdong Haitian Group Co., Ltd. and its controlled subsidiaries, with a total amount not exceeding 1,700,277,291.74 yuan (including tax) for the year 2026. This proposal has received prior approval and independent opinions from independent directors, and related directors have abstained from voting during the board meeting, but it still needs to be submitted for approval at the company’s shareholder meeting.

The related party transaction plan mainly involves the procurement of raw materials, packaging materials from related parties, as well as the sale of goods, provision or receipt of services, and leasing of assets, all within the scope of daily operations. Among these, the estimated amount for raw material procurement is approximately 771 million yuan, for packaging materials is approximately 718 million yuan, and for sales of goods to related parties is approximately 18.156 million yuan. The company stated that the related transactions adhere to the principles of equality, voluntariness, and good faith, with pricing determined through negotiations based on market prices, ensuring fairness, and that they are normal business dealings that will not harm the interests of the company and all shareholders, especially minority shareholders, nor will they adversely affect the company’s independence.

The announcement also disclosed the estimated and actual execution of routine related party transactions for the year 2025. The total actual related party transactions for the entire year of 2025 amounted to approximately 1.455 billion yuan, which did not exceed the originally estimated amount. The company believes that the routine transactions with related parties support its normal production and operational activities.

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