Dentons Biochemistry: Agricultural Investment Becomes Indirect Controlling Shareholder of the Company

Dentons Biochemical Technology announced late Thursday that the company has been notified of the transfer, according to the Jilin Province, the Office of the Leadership Group for State-owned Enterprise Reform issued a notice on July 12, 2016, the restructuring proposal has been approved, according to which the investment invested in the company will be injected into the agricultural investment, to (including) the integration of China's Jilin Province agricultural industry state-owned investment6yi
For the purpose of restructuring, The Exchange, Changjitu and Agricultural Investment entered into an agreement on 27 February 2017 to transfer the full equity of the investment capital (approximately 60% of the total investment capital of the PRC LLP) and GP (the general partner of the PRC LLP) by The Exchange and ChangjituPRC LLP is the indirect controlling shareholder of the Company and holds approximately 49% of the Company's all issued share capital and a number of convertible bonds of the Company at the date of this announcementUnder the above agreement, the contractor shall immediately file a record with the relevant Chinese Bureau of Industry and Commerce regarding the above-mentioned transferFrom the date of the agreement to the transition period of the relevant filing completion, the agricultural investment shall manage the rights and interests of the above-mentioned transfer on behalf of the investment and ChangjituAs a result, the company has become an indirect controlling shareholder, given the company's control over PRC LLP6yi
Jilin Province SASAC, The Investment, Changjitu, PRC LLP and Agricultural Investment are all consistent action personnel, Jilin Province SASAC is the final controller of the investment, Changjitu, PRC LLP and agricultural investment, as the leader of the concerted action6yi Dacheng Biochemical Technology announced late Thursday that the company has been notified of the transfer, according to the Jilin Province, the Office of the Leading Group for The Reform of State-owned Enterprises on July 12, 2016, the restructuring proposal has been approved, according to which the investment invested in the company will be injected into the agricultural investment, including (including) integration of China's Jilin Province agricultural industry state-owned investment6yi
For the purpose of restructuring, The Exchange, Changjitu and Agricultural Investment entered into an agreement on 27 February 2017 to transfer the full equity of the investment capital (approximately 60% of the total investment capital of the PRC LLP) and GP (the general partner of the PRC LLP) by The Exchange and ChangjituPRC LLP is the indirect controlling shareholder of the Company and holds approximately 49% of the Company's all issued share capital and a number of convertible bonds of the Company at the date of this announcementUnder the above agreement, the contractor shall immediately file a record with the relevant Chinese Bureau of Industry and Commerce regarding the above-mentioned transfer From the date of the agreement to the transition period of the relevant filing completion, the agricultural investment shall manage the rights and interests of the above-mentioned transfer on behalf of the investment and Changjitu As a result, the company has become an indirect controlling shareholder, given the company's control over PRC LLP 6yi
　　Jilin Province SASAC, The Investment, Changjitu, PRC LLP and Agricultural Investment are all consistent action personnel, Jilin Province SASAC is the final controller of the investment, Changjitu, PRC LLP and agricultural investment, as the leader of the concerted action 6yi