Jiangxi Poyang Lake Yuzhang Agricultural Development Co., Ltd.

Jiangxi Poyang Lake Yuzhang Agricultural Development Co., Ltd. was established in January 1997. The company's legal representative and chairman is Li Yuzhang. The company has a registered capital of 30 million RMB and is a "Provincial-Level Leading Enterprise in Agricultural Industrialization" of Jiangxi Province. With the development and growth of the enterprise, the company has set the goal of advancing toward the capital market. In August 2010, the company introduced an investment of 60 million RMB from China Science and Technology Merchants Investment, while making various preparations for the company's listing; in September 2011, the company was approved by the Nanchang Municipal Government as a proposed listed company. Since 2005, the company has been rated as a "Provincial-Level Leading Enterprise in Agricultural Industrialization" for 11 consecutive years. Entering the "Eleventh Five-Year Plan" period, the company's industrialized operation has entered a new stage of efficient, high-quality, and rapid development, and has gradually grown into a main force in aquaculture industrialization in Jiangxi Province. The company operates four organic fish farming base lakes: Yaohu Lake in Nanchang High-tech Zone, Chenjiahu Lake in Jinxian County, Dashahu Lake in Nanchang County, and Hongmen Reservoir in Nancheng County, Fuzhou, with a total water surface area of 150,000 mu. The company currently has fixed assets of more than 60 million RMB, total assets of approximately 280 million RMB, and annual sales revenue of nearly 100 million RMB. The company has consistently focused on the development and utilization of enterprise management, human capital, and financial capital; it emphasizes scientific and standardized management, and has established a comprehensive management system and organizational structure compatible with market economy operations; it has established a complete set of effective management rules and regulations, strengthening the company's internal control system; and it has formed the core technology and core competitiveness of large-water-surface aquaculture. In 2011, the company passed ISO9001 quality management system certification, ISO14001 environmental management system certification, and GB/T28001 occupational health and safety management system certification. All aquatic products produced from the company's natural lakes have obtained the "National Organic and Green (Food) Quality Certification Certificate." The company's farmed aquatic products mainly include a series of major freshwater fish: black carp, grass carp, bighead carp, silver carp, bream, crucian carp, and common carp; and a series of wild special aquatic products: yellowcheek carp, mandarin fish, yellow catfish, snakehead, topmouth culter, wild soft-shelled turtle, and other precious aquatic products. The products are highly popular among domestic consumers and are exported to developed regions such as Guangzhou, Shanghai, Hangzhou, Anhui, Shandong, Heilongjiang, Fujian, Jiangsu, and Zhejiang. During the "Twelfth Five-Year Plan" period, the company has formulated a market strategic positioning and enterprise development goals with highly industry-specific characteristics: The company will, through listing and utilizing the capital market, further improve the industrial chain, take the market as the guide, scientifically consolidate the foundation of its aquaculture main business, enhance the quality of enterprise operations, further expand and strengthen the aquaculture main business, and fully build the "Hongmen Lake" premium aquatic product brand and premium corporate brand image. The company will extend its reach into the capital market, strive to complete the listing process within three years, and after financing through the capital market, in accordance with the requirements approved by the provincial and municipal Development and Reform Commissions for building a finished fish processing production base with an annual output of 30,000 tons, it has now entered a substantive implementation stage. In another 3-5 years, it will steadily advance the construction of the "largest freshwater aquatic product processing base in Jiangnan," further improving