江苏省农垦农业发展股份有限公司 关于公司全资子公司江苏省种业集团有限公司引进战略投资者项目立项暨减少注册资本的公告

Core Viewpoint - Jiangsu Agricultural Development Co., Ltd. plans to introduce strategic investors for its wholly-owned subsidiary Jiangsu Seed Industry Group Co., Ltd. by reducing registered capital and then increasing capital through share expansion, aiming to optimize its industry development strategy and enhance core competitiveness [2][4][5] Group 1: Project Overview - The project aims to optimize the equity structure of Jiangsu Seed Industry Group and attract external strategic investors to enhance industry position and capabilities [4][5] - The registered capital of Jiangsu Seed Industry Group will be reduced from 200,000 million to 110,898.76 million, with plans to raise 1 billion from other provincial and municipal enterprises and social capital [4][5] - The project will not change the consolidated financial statement scope of Jiangsu Agricultural Development Co., Ltd. as it will remain the controlling shareholder of Jiangsu Seed Industry Group [2][5] Group 2: Capital Reduction Plan - The capital reduction involves a decrease of 89,101.24 million in the investment to Jiangsu Seed Industry Group, which will not constitute a related party transaction or a major asset restructuring [6][7] - The reduction is aimed at optimizing the capital structure and improving operational efficiency without affecting the company's financial status or harming shareholder interests [6][8] Group 3: Strategic Investor Introduction - The introduction of strategic investors is a significant move to enhance the long-term development of Jiangsu Seed Industry Group, leveraging the experience and resources of the investors [5] - The project is expected to align with the company's strategic development plan and will not adversely impact the financial results [5][6] Group 4: Related Party Transactions - Jiangsu Agricultural Development Co., Ltd. will sign a management agreement with its controlling shareholder, Jiangsu Agricultural Group, to manage shares in three seed companies to avoid potential competition [22][24] - The management fee for this agreement is set at 10,000 per year, and the transaction does not involve any asset transfer [22][24][36]