Denghai Seeds establishes new subsidiary in Hainan for strategic expansion

Shandong Denghai Seeds Co., Ltd. has announced the establishment of a wholly-owned subsidiary, Hainan Dongfang Denghai Seeds Co., Ltd. (tentative name), in Dongfang City, Hainan Province. The decision was approved during the company's Ninth Board of Directors' Fourth (Interim) Meeting on November 21, 2025. This investment is within the board's decision-making authority.

The new subsidiary will have a registered capital of RMB 30 million, fully funded by Denghai Seeds using its own currency capital, representing 100% of the registered capital. This investment accounts for 0.83% of the company's net assets, based on its 2024 annual report data, and is not expected to significantly impact its financial position or operating results.

The move aligns with national seed industry revitalization strategies, leveraging Hainan Free Trade Port’s unique advantages and policy support to enhance breeding R&D, expand regional business, and strengthen the seed industry value chain. The primary business scope includes non-staple crop seed production, agricultural scientific research, and cultivation services, alongside licensed items like the production and import/export of major and genetically modified crop seeds.