Securities code: 002999 securities abbreviation: Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) Announcement No.: 2022-006 Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999)
Announcement on the participation of subsidiary Jiafeng agricultural service company in the investment of silk seedling rice industrial park project
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
1. In order to thoroughly implement the spirit of the important speech of general secretary Xi Jinping and thoroughly implement the Rural Revitalization Strategy under the background of urban-rural integration in the new era, according to the overall requirements of Guangdong Modern Agricultural Industrial Park to promote planting and breeding cycle and scale, processing cluster, science and technology integration, marketing branding and industrial digitization, and comprehensively improve the quality and efficiency of modern agricultural industry. Now, Guangdong supply and Marketing Cooperative Association and Shanwei Municipal People’s government are jointly responsible subjects, and Guangdong supply and Marketing Group Co., Ltd. takes the lead to build the “Guangdong silk, Miao and rice Cross County cluster Industrial Park (Shanwei City)” project in Shanwei City (hereinafter referred to as “silk, Miao and rice industrial park project” or “project”). The silk seedling rice industrial park project will give full play to the resource advantages of Guangdong supply and marketing group, gradually realize variety unification through breeding, optimization, promotion and application of excellent varieties, promote standardized planting through socialized services, stabilize the quality of silk seedling rice, create regional public goods brand through processing and circulation brand marketing, and comprehensively improve the quality and efficiency of silk seedling rice industry, We will comprehensively build a mechanism for farmers to share the value-added benefits of primary, secondary and tertiary industries, realize the double promotion of food security and silk seedling and rice quality, and ensure farmers’ income and consumer demand, build farmers’ industrial parks, and build a model for the development of silk seedling and rice industry in Guangdong Province.
In order to better serve agriculture, rural areas and farmers, Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) (hereinafter referred to as “the company”) actively participates in the construction of silk seedling rice industrial park project. Now, Haifeng Jiafeng agricultural science and Technology Service Co., Ltd. (hereinafter referred to as “Jiafeng agricultural service company”), a wholly-owned subsidiary of the company, is proposed to invest about 133.7 million yuan to participate in the construction of silk seedling rice industrial park project, The provincial special financial fund is 44.3 million yuan and the supporting self raised fund is 89.4 million yuan.
2. The company held the 9th meeting of the 5th board of directors on February 8, 2022, and approved the proposal on the participation of subsidiary Jiafeng agricultural service company in the investment of silk seedling rice industrial park project by a unanimous vote.
According to the Listing Rules of Shenzhen Stock Exchange, the articles of association and other provisions, this foreign investment belongs to the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
3. As one of the implementation subjects, Jiafeng agricultural service company undertook the construction of part of the silk, Miao and rice industrial park project. This part of the construction process does not involve other partners, which is completed independently by the company. This investment does not belong to related party transactions, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of this investment project
1. Project Name: “Guangdong simiaomi Cross County cluster Industrial Park (Shanwei City)” project
2. Participating units: Haifeng Jiafeng Agricultural Technology Service Co., Ltd., a wholly-owned subsidiary of the company
3. Construction nature: new project
4. Construction site: Shanwei City
5. Project progress and construction period: planning stage, and the construction period is planned to be 2 years
6. Project funds: Jiafeng agricultural service company plans to invest about 133.7 million yuan to participate in the construction of silk seedling rice industrial park, including 44.3 million yuan of provincial special financial funds and 89.4 million yuan of supporting self raised funds.
7. Construction content: Jiafeng Agricultural Service Co., Ltd. is mainly responsible for the construction of part of the project of “Guangdong silk seedling rice Cross County cluster Industrial Park (Shanwei City)”, which are respectively “Silk seedling rice digital socialized service project”, “town and village agricultural production socialized service station construction project”, “silk seedling rice breeding and promotion integrated demonstration base project” The project construction of “digital platform construction project of Industrial Park”.
3、 Purpose of this investment, impact on the company and existing risks
1. Purpose of this investment
The company seizes the construction opportunity of “Silk seedling rice industrial park”, carries out business around providing socialized services for the whole process of rice production, and realizes the intensive, large-scale and standardized development of rice planting in the project, so as to promote the linkage development of silk seedling rice industry; Relying on the advantages of the demonstration platform for cultivating new professional farmers in the main park of Jiafeng agricultural service company, integrate the science and education resources of government institutions and scientific research institutions, increase the cultivation of new agricultural business entities, improve the management level and mechanization level of grain production in Shanwei City, drive farmers to increase their income, and walk out of a sunshine road of “government guidance, enterprise participation, market operation and farmers’ benefit”. Jiafeng agricultural service company has set up grass-roots service stations in key rice production areas in the project area, and the service stations carry out project work directly to cooperatives and growers in the project area. The project starts from the unified control of rice diseases and pests, the unified application of formula fertilizer and the promotion of agricultural technology services, and gradually introduces the whole process socialized services of rice production such as variety promotion, agricultural machinery operation and field management, so as to finally promote the development of local modern agriculture.
2. Impact of this investment on the company
This investment is in line with the company’s development strategy, plays a positive role in promoting the future business layout and development, is conducive to further enhance the company’s core competitiveness, ensure the sustainable, steady and healthy development of the company, is in line with the interests of the company and all shareholders, and will have a positive impact on the long-term development of the company.
The investment funds come from the company’s self raised funds and provincial special financial funds. At present, the company’s financial situation is stable and will not have a significant impact on the company’s financial situation, will not have an adverse impact on the company’s main business, sustainable operation ability and assets, and will not damage the interests of the company and all shareholders.
3. Possible risks of this investment
The project is feasible after sufficient investigation and analysis, but it will take some time for construction and operation. In addition, in the process of implementation, if there are sudden factors such as force majeure or other unpredictable reasons, there is uncertainty in the project progress and later implementation. In the future, it may also be affected by uncertain factors such as the macroeconomic environment and the development trend of the industry, and face the risk of market competition and the risk of failure to achieve economic benefits.
The company will continuously improve the internal control system, strengthen the risk prevention operation mechanism, improve the supervision and control of foreign investment and management operation, improve the management ability and operation efficiency, and actively prevent and respond to the above risks.
The company will fulfill the obligation of information disclosure in strict accordance with relevant regulations and the follow-up progress of the project. Please invest rationally and pay attention to investment risks.
4、 Documents for future reference
Resolution of the 9th meeting of the 5th board of directors.
It is hereby announced.
Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) board of directors February 10, 2022
