Beijing Agricultural Potassium Resources Technology Co., Ltd. announced that it will receive CNY 667,000,000 in an equity round of funding through capital increase on December 16, 2022. The transaction will include participation from returning investors Asia-potash International Investment (Guangzhou)Co.,Ltd. for CNY 450,034,230.50 to retain 67.47% stake of which CNY 104,100.58 will be included in the registered capital and rest will be included in the capital reserve, China National Agricultural Means Of Production Group Corporatio to retain 30.31% stake, Chongqing Jianfeng Industry Group Co., Ltd. to retain 1.48% stake and Qingfeng Agricultural Materials of Production Group of Co., Ltd. to retain 0.74% stake in the company. The company intends to singed capital increase agreement with investors.

The round will be raised at pre-money valuation of CNY 5,847,627,100. The transaction has been approved by the board of directors at 38th meeting of the seventh session of the board of directors and still need to be approved by the general meeting of shareholders.