Hunan Xinguang'an Agricultural Husbandry Co., Ltd announced a private placement of CNY 100,000,000 on January 8, 2018. The transaction will involve participation from Beijing Dabeinong Technology Group Co.,Ltd. (SZSE:002385). On closing, the investor will hold 8.33% stake in the company. Pursuant to the transaction, the registered capital of the company will increase from CNY 110,000,000 to CNY 120,000,000. The transaction has been approved in the 23rd meeting 4th directorate of the investor and is not subject to approval from its shareholders.