Leshan Giantstar Farming & Husbandry Corporation Limited announced a private placement of no more than 140,373,488 A shares for gross proceed of no more than CNY 2,800,000,000 on November 4, 2020. The transaction will include participation from no more than 35 specific investors. The transaction has been reviewed and approved at the 14th meeting of the company’s 3rd directorate, and still needs to be reviewed and approved by the company’s general meeting of shareholders and the China Securities Regulatory Commission. The validity period is 12 months from the date of approval by the company's shareholders' meeting. The shares shall have hold period of 6 months from closing of the transaction.