Jiangsu Xihua Private Security Fund Management Co., Ltd. agreed to acquire 4.43% stake in BSM Chemical Co.,Ltd. from Shanghai Hekai Qiyuan Enterprise Management Consulting Partnership Enterprise (Limited Partnership) for approximately CNY 200 million.

BSM CHEMICAL CO., LTD. is a China-based company mainly engaged in the research, development, production and sales of environmentally-friendly pesticide pharmaceutical intermediates, pesticide raw materials and pesticide preparations. The Company's main products are the original drug, intermediate and preparation of pendimethalin. The Company conducts its businesses within the domestic market and to overseas markets.