Shuanghui subsidiary pork is exposed to antibiotics exceeding the standard by 37 times: Shuanghui Development's stock price drops, company responds to reasons for exceeding standards.

Shuanghui Development Holdings' subsidiary was recently exposed for having antibiotics in pork products exceeding the standard by 37 times. On the morning of May 26th, Shuanghui Development's stock fell more than 5% during trading hours, and by the morning closing, the stock price had dropped by 3.9% to 24.8 yuan/share, with a total market value of 85.9 billion yuan. In the morning of the 26th, a reporter called Shuanghui Development's securities affairs representative as an investor, who stated that according to the report from the company's investigation team sent to the local area, the excessive use of lincomycin in upstream pig farming was the cause, and they will strengthen the management of pig suppliers in the future. They also mentioned that the subsidiary in Wangkui does not involve farming operations, mainly focusing on slaughtering and processing, and will increase the frequency of testing for residues of veterinary drugs in the future.