Guangxi Dabeinong Agriculture and Animal Husbandry Food Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 400,000,000 on December 5, 2017. The transaction will include participation from returning investor Beijing Dabeinong Technology Group Co.,Ltd. (SZSE:002385) for CNY 101,000,000 to hold 50.17% stake in the company and new investors, Guangdong Zenong Enterprise Management Center (Limited Partnership) for CNY 69,750,000 to acquire 11.63% stake in the company, Changsha Zhongrenwang Agricultural Development Management Center (Limited Partnership) for CNY 53,190,000 to acquire 8.87% stake in the company, Zhou Yejun for CNY 34,080,000 to acquire 5.68% stake in the company, Guangxi Fengnong Enterprise Management Center (Limited Partnership) for CNY 28,000,000 to acquire 4.67% stake in the company, Guangning Chuangzhan Agricultural Technology Co., Ltd. for CNY 28,000,000 to acquire 4.67% stake in the company, Zhou Guangwen for CNY 20,000,000 to acquire 3.33% stake in the company, Qiu Yuwen for CNY 18,000,000 to acquire 3% stake in the company, Zhao Aiping for CNY 13,800,000 to acquire 2.3% stake in the company, Liu Hanbing for CNY 9,000,000 to acquire 1.5% stake in the company, Li Fengchun for CNY 8,650,000 to acquire 1.44% stake in the company, Zhu Chuande for CNY 7,300,000 to acquire 1.22% stake in the company, Hu Youren for CNY 3,180,000 to acquire 0.53% stake in the company, Liu Xiaoliang for CNY 3,050,000 to acquire 0.51% stake in the company, and Jiang Fangbin for CNY 3,000,000 to acquire 0.5% stake in the company. The registered capital of the company will increase from CNY 200,000,000 to CNY 600,000,000. The transaction has been approved by the board of directors of the Beijing Dabeinong Technology Group Co.,Ltd. (SZSE:002385) at its 4th directorate’s 22nd meeting. The transaction is not subject to shareholders’ approval of Beijing Dabeinong Technology Group Co.,Ltd. (SZSE:002385).