Agricultural Development Seed Company Completes Fixed Increase Financing, Registered Capital Increased to 1.161 Billion Yuan and Company Charter Amended

MaticHoleFiller · 2026-03-24T06:54:28+00:00

China Agricultural Development Seed Industry announced that through the issuance of shares to specific objects, the company's registered capital increased from 1.082 billion yuan to 1.161 billion yuan, with newly issued shares of 79,175,306. Upon completion of this issuance, the company will optimize its capital structure, strengthen its financial position, and facilitate future business development.

MaticHoleFiller

2026-03-24 06:54:28

Abstract generation in progress

[Finance News] On March 17, China National Agricultural Development Seed Industry Group Co., Ltd. (Stock Code: 600313, Stock Abbreviation: Nongfa Seed Industry) issued an announcement titled “On Increasing Registered Capital and Amending the Articles of Incorporation,” stating that the company’s issuance of shares to specific targets has been completed. The registered capital has increased from 1.082 billion yuan to 1.161 billion yuan, and relevant provisions of the Articles of Incorporation have been revised.

The announcement shows that Nongfa Seed Industry issued an additional 79,175,306 shares to specific targets, which was registered with the Shanghai branch of China Securities Depository and Clearing Corporation Limited in January 2026. After this issuance, the company’s registered capital increased from 1,082,198,663 yuan to 1,161,373,969 yuan, and the total number of shares increased from 1,082,198,663 to 1,161,373,969, all of which are ordinary RMB shares.

Before Revision
Article 3 The company was approved by the China Securities Regulatory Commission (CSRC) with document No. Zhengjianfa [2000]178 on December 19, 2000, to issue 80 million RMB ordinary shares to the public for the first time, and listed on the Shanghai Stock Exchange on January 19, 2001. The company completed the split of its share structure in December 2007.
Article 6 The company’s registered capital is RMB 1,082,198,663.
Article 24 The total number of shares of the company is 1,082,198,663, all of which are RMB ordinary shares.

After Revision
Article 3 The company was approved by the China Securities Regulatory Commission (CSRC) with document No. Zhengjianfa [2000]178 on December 19, 2000, to issue 80 million RMB ordinary shares to the public for the first time, and listed on the Shanghai Stock Exchange on January 19, 2001. The company completed the split of its share structure in December 2007. The company issued 63,087,248 shares in 2007. In October 2015, the company completed a share issuance to purchase assets and raise supporting funds, issuing 65,592,217 RMB ordinary shares privately. In June 2016, the company completed profit distribution for 2015 and a capital reserve transfer plan, using capital reserves to increase RMB ordinary shares by 649,319,198 shares. In January 2026, the company completed an issuance of 79,175,306 RMB ordinary shares to specific targets.
Article 6 The company’s registered capital is RMB 1,161,373,969.
Article 24 The total number of shares of the company is 1,161,373,969, all of which are RMB ordinary shares.

According to the announcement, the 58th meeting of the seventh board of directors of Nongfa Seed Industry has reviewed and approved the “Proposal on Increasing the Company’s Registered Capital and Amending the Articles of Incorporation,” revising provisions related to the company’s history, registered capital, and total shares, mainly involving Articles 3, 6, and 24. The revisions mainly add details about this issuance of shares to specific targets and update the registered capital and total shares accordingly.

The announcement also states that the amendments to the Articles of Incorporation require approval by the company’s shareholders’ meeting. The company’s board of directors and all directors guarantee that there are no false records, misleading statements, or major omissions in this announcement and bear legal responsibility for the truthfulness, accuracy, and completeness of its content.

The completion of this private placement and the increase in registered capital will help Nongfa Seed Industry further optimize its capital structure, enhance its financial strength, and provide strong support for future business development. Market analysts believe that as a leading domestic seed industry enterprise, this financing is likely to be used for variety R&D, capacity expansion, or industry chain integration, further consolidating its industry position.

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