Longping High-Tech to acquire remaining stake in Beijing Lianchuang Seed

Yuan Longping High-Tech Agriculture (Longping High-Tech) has approved the acquisition of the remaining 10% equity in Beijing Lianchuang Seed Co., Ltd. (Beijing Lianchuang) from its natural person shareholders for 715.035 million yuan. This transaction will increase Longping High-Tech's stake in Beijing Lianchuang from 90% to 100%.

The company also plans to introduce strategic investors into Beijing Lianchuang through a capital increase, with Longping High-Tech waiving its pre-emptive rights to subscribe for new capital. The strategic investment amount is capped at 20 million yuan.

Tianjian Certified Public Accountants (Hunan Branch) issued an audit report for Beijing Lianchuang for the period ending May 31, 2025, and for the full year 2024. The proposed transactions, including the acquisition and capital increase, will be submitted to Longping High-Tech's third extraordinary general meeting in 2025 for shareholder approval on October 29, 2025.