Da Bei Nong: Joint venture company increased capital to 781 million yuan

On November 15th, Jinshi Data reported that Da Bei Nong, a controlling subsidiary of Dayouji Animal Husbandry’s affiliate company Heilongjiang Da Bei Nong, plans to increase its registered capital from 744 million yuan to 781 million yuan, with an increase of 58.776 million yuan, which will be jointly increased by Zhaozhou Zhengxing and Zhaozhou Zhengzhi. Dayouji Animal Husbandry has waived its preemptive rights for this capital increase, and its shareholding ratio will decrease from 46.82% to 44.59% after the capital increase. This is aimed at expanding the scope of employee stock ownership, stimulating employee initiative, and promoting the high-quality development of the company. This related transaction does not require approval from the shareholders’ meeting and has been unanimously approved by the board of directors.