According to information from Longping Hi-Tech, on August 19, after review and approval by the board of directors of Longping Hi-Tech, the equity transfer and capital increase agreement signed between the company and Xinjiang Jinghua Seed Industry Co., Ltd. officially came into effect. After the transaction is completed, Longping Hi-Tech will hold 51% of Jinghua Seed Industry's shares. The advantages of the cotton seed industry of the two sides are highly complementary. After strategically holding Jinghua Seed Industry, the annual promotion area of Longping Hi-Tech's cotton seeds exceeded 5 million mu, ranking first in the domestic cotton seed industry.

According to information from Longping Hi-Tech, on August 19, after review and approval by the board of directors of Longping Hi-Tech, the equity transfer and capital increase agreement signed between the company and Xinjiang Jinghua Seed Industry Co., Ltd. officially came into effect. After the transaction is completed, Longping Hi-Tech will hold 51% of Jinghua Seed Industry's shares. The advantages of the cotton seed industry of the two sides are highly complementary. After strategically holding Jinghua Seed Industry, the annual promotion area of Longping Hi-Tech's cotton seeds exceeded 5 million mu, ranking first in the domestic cotton seed industry.