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China Post Securities and Sichuan Yongfenghe Agricultural Development Company sign listing service agreement
China Post Securities and Sichuan Yongfenghe Agricultural Development Company sign listing service agreement
| China Post |2020-10-27

On October 15th, China Post Securities Co., Ltd. (China Post Securities) and Sichuan Yongfenghe Agricultural Development Co., Ltd. signed a service agreement to list on China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board”, aiming at setting up distinctive cooperation projects that benefit farmers. It will focus on the upstream and downstream of the industrial chain of high-quality agricultural products in Sichuan Province and coordinate with Sichuan Postal Branch to promote agricultural cooperation so as to help rural revitalization.

On the recommendation of Sichuan Postal Branch, employees of China Post Securities Sichuan Branch and the Corporate Finance Department subordinate to the headquarters of China Post Securities visited Sichuan Yongfenghe Agricultural Development Co., Ltd. for many times. They had deep communication with the company on enterprise development, reform to institute a stockholding system, listing on the new third board, equity financing and other issues, and finally succeeded in signing the new third board listing service agreement.

It is understood that Yongfenghe Agricultural Development Co., Ltd. is a leading enterprise in agricultural industrialization in Sichuan Province. The company is located in Hanyuan County, the “hometown of Sichuan pepper (hua jiao)”. It takes “promoting Sichuan pepper, inheriting Sichuan flavor” as its own responsibility, and takes local Sichuan pepper as raw material to produce and sell series of Sichuan pepper seasoning products. The annual output value of the company reaches 150 million yuan (about 22.8 million US dollars) at full capacity.

After the signing of the agreement, China Post Securities will give full play to its professional advantages, deeply carry out the work of benefiting farmers, provide financial resources support for customers, and extend the financial service chain, so as to boost the enterprise to take advantage of the capital market and realize leapfrog development.

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