Gelonghui, April 8: Jinjian Rice Industry (600127.SH) announced that according to the Hunan Provincial Food and Material Reserve Administration, the Hunan Provincial Department of Finance, and the Hunan Branch of the Agricultural Development Bank of China's “Notice on Issuing the 2024 Provincial Reserve Grain and Oil Rotation Plan” (Xiang Liang Transfer (2024) No. 19) and related document requirements, the company's wholly-owned subsidiary Hunan Jinjian Grain Reserve Management Co., Ltd. (hereinafter referred to as “Jinjian Grain Reserve Company”) will carry out the 2024 oil reserve rotation task, it is planned to store 8,000 in the 2024 reserve oil reserve between May 2024 and August 2024 Tons of rapeseed oil produced in 2022 (grade 3) were sold (rotated) to the related party Hunan Jiahesheng Trading Co., Ltd. (hereinafter referred to as “Hunan Jiahesheng Company”); 8,000 tons of rapeseed oil produced in 2024 (grade 3) were purchased (rotated) from related party Hunan Jiahesheng Company during the period from May 2024 to December 2024 (with a minimum inventory of not less than 70%).
The volume of rotation and rotation in this transaction was 8,000 tons. The unit price for both the rotation and rotation transactions was executed according to the treasury loan price of 9,900 yuan/ton (tax included), that is, the transaction amount for the rotation sale and the sales amount for the round purchase were 79,200,000 yuan (tax included). In addition, Hunan Jiahesheng Company is responsible for the packaging and outsourcing of this oil reserve rotation business. Combined with the market price of fats and fats, Jinjian Grain Reserve Company will give Hunan Jiahesheng a rotation sales discount of 200 yuan/ton.