Tianjin Bohai Dadi Hi-Tech Co., Ltd. agreed to acquire Fertilizer (Jiangsu) Co., Ltd. from Hanfeng Evergreen Inc. (TSX:HF) for CNY 30 million in cash on May 27, 2014. CNY 9 million will be paid by the buyer within 5 days and the balance CNY 21 million will be paid upon the transfer of the shares having been properly registered with the applicable regulatory authorities and becoming effective in accordance with Chinese law, or, in any event, within sixty days. The transaction is expected to close by the end of July 2014. Hanfeng Evergreen received the final payment on August 5, 2014.

Tianjin Bohai Dadi Hi-Tech Co., Ltd. completed the acquisition of Fertilizer (Jiangsu) Co., Ltd. from Hanfeng Evergreen Inc. (TSX:HF) on August 5, 2014.