Dekon Food and Agriculture Group (2419) Announces Plans to Adopt China Accounting Standards, Change Auditor, and Postpone EGM

Bulletin Express01-28

Dekon Food and Agriculture Group (2419) has proposed adopting China Accounting Standards for Business Enterprises for its financial statements starting from the fiscal year ended 31 December 2025, pending shareholder approval at the upcoming 2026 first extraordinary general meeting (EGM). The company highlighted that this move is consistent with industry practices and its primary operations in mainland China.

According to preliminary figures based on unaudited consolidated management accounts, the company expects a profit of approximately RMB1,300 million to RMB1,500 million before biological assets fair value adjustments for the year ended 31 December 2025, and RMB400 million to RMB600 million after these adjustments.

In line with the proposed change in accounting standards, the company intends to appoint KPMG Huazhen LLP as its auditor for the same financial year, subject to shareholder approval. The current auditor, KPMG, has confirmed there are no matters of disagreement regarding this transition.

The EGM, originally slated for 9 February 2026, has been postponed to 11 February 2026. The venue remains unchanged. Accordingly, the closure period for the H share register of members has also been adjusted, now running from 6 February 2026 to 11 February 2026 (both days inclusive).

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