Introduction of Yangnong Chemical Industry

Jiangsu Yangnong Chemical Co., Ltd. was approved by Jiangsu Provincial People's Government document Su [1999] 135, and was established by seven promoters including Jiangsu Yangnong Chemical Group Co., Ltd. The company was established in199912/kloc-0, with a total share capital of 70 million yuan. With the approval of Jian Zheng Zheng Zi [2002] 18 issued by China Securities Regulatory Commission, Japanese companies publicly issued 30 million RMB ordinary shares on April 12, 2002, with a par value of 1 yuan, and the total issued share capital was RMB 1000000 yuan, and in 2002,