date:May 14, 2014
Developments
On April 18, 2014, the Company announced that its wholly owned VIE subsidiary, Wuhan Fengze Agricultural Science and Technology Development Co., Ltd. (Fengze), completed an equity interest transfer with Xiamen Ruijin Fund LLP (XMRJ) that allowed Fengze to regain full control of Hubei Tianzhili Breeder Hog Co., Ltd. (Tianzhili). Total consideration for the transaction is RMB 6,666,700, or approximately $1,050,000, which equals the advances received from XMRJ as of April 18, 2014 in