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Longping High-Tech Building Visual China Image

Earlier on the evening of August 6, China's seed industry leader Yuan Longping Agricultural Hi-Tech Co., Ltd. (hereinafter referred to as "Longping High-Tech", 000998.SZ) announced a major news that the company's largest shareholder, CITIC Agriculture Science & Technology Co., Ltd. (hereinafter referred to as "CITIC Agriculture"), a subsidiary of CITIC Group, plans to subscribe to Longping High-Tech's issued A-shares for no more than 1.2 billion yuan.

Prior to this issuance, CITIC Agriculture and its concerted party CITIC Industrial Investment Group Co., Ltd. (hereinafter referred to as "CITIC Industrial") held a total of 228,601,512 shares of Longping High-Tech, accounting for 17.36% of the company's total share capital, and was the company's controlling shareholder. After the completion of this issuance, the total number of shares held by CITIC Agriculture and its concerted party CITIC Industrial will not exceed 381,079,275 shares (including the original number), accounting for no more than 25.93% of the company's total share capital after this issuance, and will still be the company's controlling shareholder. This issuance will not lead to changes in the company's control.

According to the latest announcement from Longping High-Tech, on August 7, the second day after the above-mentioned private placement fundraising announcement was released, a total of 38 investors from institutions including China Merchants Securities, Debang Fund, and Everbright Prudential Fund visited the company and had further exchanges on topics such as the private placement situation of the previous day.