Guangzhu Agriculture Group Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on August 19, 2022. The transaction will include participation from returning investor Shenzhen Noposion Agrochemicals Co.,Ltd, which will retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor in its 12th meeting of the 6th Board of Directors.

Pursuant to the transaction, the registered capital of the company will increase from CNY 500,000,000 to CNY 800,000,000. This proposal needs to be submitted to the investors' general meeting of shareholders for consideration and approval.