Xinwufeng announced that the 21st meeting of the sixth board of directors of the company reviewed a number of proposals. Hunan Tianxin Seed Industry, a wholly-owned subsidiary, plans to build the “New Wufeng Science and Technology Innovation Base Project”, with a total construction area of 20634.65 square meters and a total investment of 1998.921 million yuan. In addition, the holding subsidiary Zhabaite Qitian and Food plan to apply for an additional credit of 10 million yuan from the Xianghu Branch of the Bank of Communications and the Zhaiteqi Branch of the Postbank, respectively, for a period of 1 year; the company plans to apply for an additional credit of 20 million yuan from the Changsha Branch of China Merchants Bank for a period of 2 years. The above bills were all passed with 7 votes in agreement.

Xinwufeng announced that the 21st meeting of the sixth board of directors of the company reviewed a number of proposals. Hunan Tianxin Seed Industry, a wholly-owned subsidiary, plans to build the “New Wufeng Science and Technology Innovation Base Project”, with a total construction area of 20634.65 square meters and a total investment of 1998.921 million yuan. In addition, the holding subsidiary Zhabaite Qitian and Food plan to apply for an additional credit of 10 million yuan from the Xianghu Branch of the Bank of Communications and the Zhaiteqi Branch of the Postbank, respectively, for a period of 1 year; the company plans to apply for an additional credit of 20 million yuan from the Changsha Branch of China Merchants Bank for a period of 2 years. The above bills were all passed with 7 votes in agreement.