Muyuan Foods Co., Ltd. Announces New Electronic Dissemination of Corporate Communications – What Investors Must Know

Key Highlights for Investors

• Transition to Electronic Communications: Muyuan Foods Co., Ltd. (Stock Code: 2714) has announced a significant change in how it will deliver corporate communications to shareholders. In compliance with the amended Hong Kong Listing Rules effective from December 31, 2023, the company will now disseminate all corporate communications electronically via its website and the Hong Kong Stock Exchange website.
• End of Automatic Printed Notices: Shareholders will no longer receive printed copies or separate notifications of the availability of new documents unless they specifically request it. The company encourages shareholders to proactively monitor these websites for updates.
• Action Required for Hardcopy Communications: If shareholders wish to continue receiving printed versions of corporate communications (such as annual reports, interim results, meeting notices, circulars, and listing documents), they must complete and submit a formal request form to Tricor Investor Services Limited, the company’s share registrar in Hong Kong. This request remains valid until the end of the next financial year unless revoked or replaced.
• Implications for Investors: This shift reflects a broader market trend toward digitalization, potentially reducing company costs and improving environmental sustainability. However, there are important implications for shareholders, particularly those who may not regularly check digital sources. Missing out on key communications could influence voting decisions or awareness of major company developments.

Detailed Information for Shareholders

• Accessing Corporate Communications: All future documents intended for shareholders (including directors’ reports, annual and interim accounts, auditors’ reports, meeting notices, listing documents, and circulars) will be posted electronically on the company’s website and the HKEX news website. Both English and Chinese versions will be available.
• No Publication Notices: Unlike previous practice, shareholders will not be notified by mail or email when new documents are posted. The onus is now on the shareholders to check for updates themselves.
• How to Request Hardcopy Documents:
  • Fill out the provided request form (included in the communication or available from Tricor Investor Services Limited).
  • Send the completed form to Tricor Investor Services Limited, 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, or email [email protected].
  • Shareholders can choose to receive the English version, the Chinese version, or both.
  • The request will remain in effect until the end of the company’s next financial year, unless revoked or superseded. To continue after that, a new written request is necessary.
• Support for Electronic Communication: The company recommends that shareholders provide their email addresses to their banks, brokers, custodians, or other intermediaries to facilitate electronic communication.
• Contact for Questions: For any queries related to this arrangement, shareholders can call Tricor’s hotline at (852) 2980 1333 (Monday to Friday, 9:00 a.m. to 6:00 p.m., excluding public holidays) or email [email protected].
• Personal Data: Shareholders’ personal data provided for this purpose will be handled in accordance with Hong Kong’s Personal Data (Privacy) Ordinance (PDPO). Requests for access to and correction of data can be sent to the Data Privacy Officer at Tricor Investor Services Limited.

Potential Price-Sensitive Considerations

• Operational Cost Reductions: The move to electronic-only communications may reduce administrative and postage expenses, potentially improving Muyuan Foods’ bottom line over time. These cost savings could be viewed positively by investors focused on operational efficiency.
• Risk of Information Gaps: Investors should be aware that, without proactive monitoring, they might miss important updates that could impact their rights, voting decisions, or awareness of major company events. This could affect market perceptions if a significant portion of shareholders is not adequately informed.
• Alignment with ESG Initiatives: This approach supports environmental and sustainability goals by reducing paper usage, which may enhance the company’s ESG profile and attract responsible investors.
• No Direct Pricing Impact Announced: While the measure itself is unlikely to move the share price immediately, any operational improvements, cost savings, or regulatory compliance benefits could influence investor sentiment over time.

What Should Investors Do Next?

• Monitor the company’s website and the HKEX news portal regularly for corporate communications, as no further notices will be issued by mail or email.
• If you prefer hardcopy documents, promptly submit the required request to Tricor Investor Services Limited or use the provided email address.
• Consider updating your contact information with your bank, broker, or custodian to ensure you can access electronic communications efficiently.

Company Leadership: The announcement is made by Mr. Qin Yinglin, Chairman of the Board and President of Muyuan Foods Co., Ltd.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult with their financial advisors before making any investment decisions. The information is based on official corporate disclosures and may be subject to change. Muyuan Foods Co., Ltd., its board, and related parties assume no responsibility for any losses arising from reliance on this information.

View MUYUAN Historical chart here