National Agricultural Holdings Limited announced that t he board of directors of the company announced that on 15 July 2016, the Company and Dalian Renewable Energy Exchange Company Limited entered into a letter of intent to establish a joint venture enterprise, Gongxiao (Dalian) Commodity Clearing Centre Company Limited to jointly operate a clearing centre for bulk commodities in order to provide a unified settlement and transaction risk controls for various factor markets and platforms of Dalian Renewable Energy Exchange and/or bulk commodity exchanges and/or other exchanges and to promote the development of financial derivatives and the establishment of value-added financial service markets and rating standards.