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Tian Yuan advise Tianma Science and Technology to complete the non-public offering of shares

2021-08-04

Approved by China Securities Regulatory Commission, Fujian Tianma Science and Technology Group Co., Ltd. (stock code: 603668; Stock abbreviation: Tianma Technology) issued 96,551,724 shares in the form of non-public offering, raising a total of about 560 million yuan. On July 30, 2021, the new shares in this non-public offering were registered in Shanghai Branch of China Securities Depository and Clearing Co., Ltd..

As a national key leading enterprise in agricultural industrialization, Tianma Technology takes "leading modern fishery and animal husbandry industry and improving quality of life" as its mission, focusing on the integration and development of aquatic products, animal husbandry and food as well as merging the primary, secondary and tertiary industries.

The raised funds will be used for "Eel Ecological Breeding Base Construction Project (Phase I)", "Food Industry Base Construction Project (Phase I)" and replenish cash flow. It is conducive to enhancing the company's sustainable profitability and anti-risk ability, enhancing the company's comprehensive competitiveness, meeting the capital needs of the company's project construction and business development, accelerating the construction of the company's key projects, and providing sufficient financial guarantee for the company's development in special aquatic products, animal husbandry, food and primary, secondary and tertiary industries.

Since Tianma Technology completed its initial public offering and listing in 2017, Tian Yuan Law Firm lawyers have continuously provided special legal services for Tianma Technology, mainly including the public offering of convertible corporate bonds in 2018 and major asset restructuring projects in 2019.

In this project, a working team composed of Tian Yuan Law Firm partners Li Jianhui, Zhou Chenyi and Zhang Rantong and lawyers Ma Rui, Shi Pengxiang and Lin Haoran, as legal advisers of the issuer, provided full legal services for this project.

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