On 26 July 2019, the application for non-public offering of A-shares filed by Hunan Dakang International Food & Agriculture Co., Ltd. (002505. SZ) was passed and approved by the Issuance and Examination Committee of China Securities Regulatory Commission.  The company intends to issue up to 20% of its total share capital before this private placement.  The funds so raised will be applied to the operation of cattle breeding project and supplement working capital, etc.

Grandall Nanjing Office has been retained as the issuer's legal counsel with Mr. DING Zheng, Mr. ZHOU Hao, Mr. WANG Zhuyi together with their team servicing the project.