Gifore Agricultural Science & Technology Service Co.,Ltd announced that it has entered into a securities purchase agreement to issue not more than 39,210,000 shares A shares at a price of CNY 3.11 per share for the gross proceeds of CNY 121,943,100 on February 27, 2024. The transaction has been approved at the 55th meeting of the 5th directorate and the 21st meeting of the 5th supervisory board of the company. The shares cannot be transferred within 18 months from the issuance closing date.

the transaction is subject to the approvals of the Company?s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The transaction will include participation from new investor, Wang Huiwu.