On 17 January 2014 (after trading hours), the Zhengye International Holdings Company Limited entered into the Subscription Agreement with Rengo pursuant to which the company agreed to issue, and Rengo agreed to subscribe for, the Commercial Note in the principal amount of JPY 346,200,000 (equivalent to RMB 20 million). The net proceeds arising from the issue of the commercial Note will be used in part financing the Consideration payable by the purchaser under the Lian He Agreement and the Lian Xing Agreement. On 17 January 2014 (after trading hours), the company entered into the Subscription Agreement with Rengo pursuant to which the company agreed to issue, and Rengo agreed to subscribe for, the Commercial Note in the principal amount of JPY 346,200,000 (equivalent to RMB 20 million).