Hainan Shennong Seed Industry Technology (300189.SZ) plans to sell 88.67% equity of Fujian Shennong Dafeng for a total price of 13.034 million yuan.

Hainan Shennong Seed Industry Technology (300189.SZ) announced that the company plans to transfer 88.67% of the equity of its holding subsidiary Fujian Shennong Dafeng Seed Industry Technology Co., Ltd. (referred to as "Fujian Shennong Dafeng") to Li Kuntai at a transfer price of RMB 13.034 million. After the equity transfer is completed, the company will no longer hold equity in Fujian Shennong Dafeng, and will no longer include it in the company's consolidated financial statements.