JINJIAN CEREALS INDUSTRY: Subsidiary plans to sell early indica rice to related parties for 10.7 million yuan

JINJIAN CEREALS INDUSTRY announced that its subsidiary, JINJIAN Reserve Grain Company, needs to sell 4,617 tons of early indica rice to the related party, Hunan Reserve Grain Company, while executing the reserve grain rotation business in Hunan Province. The expected amount does not exceed 10.7 million yuan, and a sales contract is proposed to be signed. This matter constitutes a related party transaction but does not constitute a major asset reorganization, has been approved by the board of directors, and does not need to be submitted to the shareholders' meeting. In the past 12 months, the company and its subsidiaries have conducted similar related party transactions with this related party once, involving an amount of 11.6588 million yuan