Yunnan Shennong Agricultural Industry Group Co.,LTD. has announced a private placement for issuance of A shares for gross proceeds of CNY 290,000,000 on April 24, 2024. The transaction includes participation from not more than 35 investors. The transaction has been approved by the board of directors of the company at the 18th meeting of the 4th board of directors.

All the securities issued under the offering is subject to a hold period of 6 months.