Shenzhen Noposion Crop Science Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 450,000,000 on May 28, 2022. The transaction will include participation from returning investor Shenzhen Noposion Agrochemicals Co.,Ltd to retain its 100% stake in the company. Post closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 500,000,000.

The transaction has been approved at the eighth meeting (provisional) of the sixth board of directors of the company, and needs to be submitted to the company's general meeting of shareholders for consideration and approval.