Hunan New Wellful Co.Ltd(600975) plans to purchase a number of assets to expand the scale of pig breeding and resume trading on the 29th

Hunan New Wellful Co.Ltd(600975) announced that the company plans to issue shares and pay cash to purchase 100% equity of Hunan Tianxin Seed Industry Co., Ltd. and 2 million yuan of state-owned exclusive capital reserve, 48.20% equity of Yuanjiang Tianxin Seed Industry Co., Ltd., 39% equity of Hengdong Tianxin Seed Industry Co., Ltd., 49% equity of Jingzhou Xiangmu Seed Industry Co., Ltd., 46.70% equity of Linxiang Tianxin Seed Industry Co., Ltd., 100% equity of Hunan Tianhan Animal Husbandry Development Co., Ltd Chenzhou xiasitian Agricultural Technology Co., Ltd. has 100% equity, Xinhua Jiuyang Agricultural Development Co., Ltd. has 100% equity, Hengdong Xinbang Animal Husbandry Development Co., Ltd. has 100% equity, Hunan tianqin Animal Husbandry Development Co., Ltd. has 100% equity, and Longshan Tianhan Animal Husbandry Development Co., Ltd. has 100% equity. The price of issuing shares and paying cash to purchase shares in assets is 7.22 yuan / share. At the same time, the company plans to raise supporting funds by non-public offering of shares in the form of inquiry. This transaction is expected to constitute a major asset reorganization, a related party transaction and not a reorganization and listing. After the reorganization, the listed company will enhance the strength of pig breeding and breeding pig production, expand the scale of pig breeding and enrich product categories. The trading of the company’s shares will resume from the opening of the market on April 29.