Stock Code: 000713 stock abbreviation: Hefei Fengle Seed Co.Ltd(000713) No.: 2022-007
Hefei Fengle Seed Co.Ltd(000713)
Announcement on the establishment of Inner Mongolia Branch
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are jointly and severally liable for false records, misleading statements or major omissions in the announcement.
1、 Basic overview
On January 27, 2022, Hefei Fengle Seed Co.Ltd(000713) (hereinafter referred to as “the company” or “the company”) held the seventh meeting of the sixth board of directors, deliberated and adopted the proposal on establishing Hefei Fengle Seed Co.Ltd(000713) Inner Mongolia Branch. The board of directors approved the company to set up Hefei Fengle Seed Co.Ltd(000713) Inner Mongolia branch in Hohhot, Inner Mongolia, and authorized the company’s operation and management to handle specific matters related to the establishment.
The establishment of the branch does not constitute a related party transaction, nor does it constitute a major asset reorganization. According to the articles of association and relevant provisions, this matter is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of the proposed branch
Company name: Hefei Fengle Seed Co.Ltd(000713) Inner Mongolia Branch
Nature of the company: a branch of a joint stock limited company (not qualified as an independent enterprise legal person)
Company domicile: Hohhot, Inner Mongolia
Business scope: mainly engaged in silage corn seeds and industrial chain development business
The above information shall be subject to the contents finally approved and registered by the administrative department for Industry and commerce.
3、 Purpose of establishing branch
The establishment of the branch is to meet the needs of the company to carry out silage corn seed industry and its industrial chain production and operation in Inner Mongolia and strengthen organization and management.
4、 Existing risks and impact on the company
After the establishment of the branch is reviewed and approved by the board of directors of the company, it is necessary to go through the industrial and commercial registration procedures in accordance with the prescribed procedures, and there is no risk limited or prohibited by laws and regulations. This matter will not have a significant impact on the company’s overall business and will not damage the interests of the company and shareholders, especially minority shareholders. The company will actively establish a risk prevention mechanism, strengthen internal control and strengthen the control of branches. Please pay attention to investment risks.
5、 Documents for future reference
1. Resolution of the 7th Meeting of the 6th board of directors of the company.
It is hereby announced
Hefei Fengle Seed Co.Ltd(000713) board of directors January 28, 2022
