JW wins US$5M order from Yuanfei

According to an announcement by A-share listed company Yuanfei Group (001222.SZ) on 28 April 2026, the company and its subsidiaries expect to purchase raw materials from its affiliate Bangladesh JW Animal Protein Co., Ltd. in 2026, with the transaction amount not exceeding US$5 million (approximately RMB 34.18 million).

The announcement shows that Bangladesh JW Animal Protein Co., Ltd. was established on 9 August 2023, with a registered capital of RMB 39.6 million, and is registered in Bangladesh. Yuanfei Group holds 49% equity in Bangladesh JW, and Mr. Chen Qun, Director and Deputy General Manager of Yuanfei, serves as General Manager of Bangladesh JW.

As of 31 December 2025, Bangladesh JW had total assets of RMB 18.42 million and net assets of RMB 18.22 million. Yuanfei Group stated that the related party transaction is based on normal production and operational needs, with pricing determined through fair market negotiations.

Source: Eastmoney announcement.