Shenzhen Jinxinnong Feed Co.,Ltd. (SZSE:002548) resolved to acquire 20% stake in Qingyuan Jiahe Agricultural Stockbreeding Co., Ltd. from Deng Shuwen for CNY 8 million on December 16, 2013. Shenzhen Jinxinnong Feed will use own funds for the transaction. On December 28, 2013, Shenzhen Jinxinnong Feed signed an equity transfer agreement. As of December 31, 2012, Qingyuan Jiahe Agricultural Stockbreeding‘s total assets is CNY 39.95 million, net assets is CNY 29.21 million, revenues is CNY 43.43 million, net profit is CNY 11.38 million. The transaction was approved at 26th session of the 2nd directorate meeting of Shenzhen Jinxinnong Feed.

Shenzhen Jinxinnong Feed Co.,Ltd. (SZSE:002548) completed the acquisition of 20% stake in Qingyuan Jiahe Agricultural Stockbreeding Co., Ltd. from Deng Shuwen on January 26, 2014.