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muyuan shares donated 100 million yuan to the west lake education foundation. this matter was a related transaction because a senior executive worked at west lake university.

2024-09-28

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on the evening of september 27, muyuan shares(002714.sz, stock price 43.16 yuan, market value 235.885 billion yuan)the announcement stated that in order to practice muyuan's core values ​​of "creating value and serving society", actively fulfill its social responsibilities, and fund the construction and development of public welfare education and scientific research, the company has voluntarily donated rmb 100 million to the hangzhou west lake education foundation. . 60 million yuan of which will be retained by the hangzhou west lake education foundation to fund west lake university’s talent development, discipline construction, infrastructure construction, student training, academic exchanges, scientific research and other personnel salary incentives and subsidies, as well as animal nutrition, smart agriculture, life and health, etc. the development of related research fields; 40 million yuan will be used to fund the construction and development of nanyang xihu muyuan institute of synthetic biology, which west lake university participates in and supports.

muyuan co., ltd. said that the company is deeply aware of the importance of talents and is committed to supporting the development of education and scientific research and supporting talent cultivation. this external donation comes from the company's own funds and will not have a significant impact on the company's current and future operations. there will be no harm to the interests of the company and other shareholders, especially small and medium-sized shareholders.

it is worth mentioning that this donation constitutes a related transaction. the company’s chairman qin yinglin serves as the vice chairman of the board of directors of westlake university, director qian ying serves as the honorary director of westlake university, and the company’s chief human resources officer (cho) wang chunyan serves as the director of xihu muyuan synthetic biology research in nanyang city. vice president of the hospital.

in fact, this is not qin yinglin’s first donation. in 2018, qin yinglin became the founding donor of westlake university. the official website of hangzhou west lake education foundation once published the reasons for qin yinglin’s donation. the content shows that he saw an article online about shi yigong, the president of west lake university, and decided to donate after having a phone call with shi yigong. “he (referring to shi yigong) has such cutting-edge ideas in science and technology. it’s quite advanced.”

muyuan has always emphasized its cooperation with west lake university in synthetic biology. in the exhibition hall of muyuan co., ltd.’s zhengzhou office, there is a column to present the scientific research results of west lake university on amino acids.

the display wall mentioned that it is cooperating with west lake university to develop biosynthetic amino acid technology and reduce the cost of amino acids. in pig breeding, soybeans are inevitably involved in feed. synthetic amino acid technology is to promote soy-free diets. in qin yinglin's "two sessions" recommendations over the years, he has repeatedly called on the industry to promote soy-free diets to reduce feed costs.

cover picture source: photo by xu shuai, a reporter from every journal