In less than one month, nearly 8 billion investment cooperation agreements were signed.

Inlessthanonemonth,nearly8billioninvestmentcooperationagreementsweresigned.
Terrorism,theChineseGodofGodrevealed8signedframeworkagreementsandinvestmentcooperationagreementannouncementswithrelatedpartiesinlessthan1month,andthecumulativeamountreached79.300million,andreceivedaletterofconcernfromtheShenzhenStockExchange.OntheeveningofMay26,theTangDynastyGodrespondedtothequestionsraisedbytheShenzhenStockExchange.Regardingthesourceoftheprojectfunds,TangRenshensaid:”Accordingtothecompany’spreliminaryplan,inthefuture,itwillmainlyadoptself-raisedfunds,withitsownfundmodelmainly,supplementedbybankloanfinancing.Amongthem,self-raisedfunds44.Ofthe4trillion,15trillionwereraisedthroughcapitalfinancingand29wereraisedthroughindustrialfunds.400millionyuan.TangRenshensaid:Inthefirstquarterof2020,thecompany’scurrentratioandquickratiowere1,respectively.25,0.85.Accordingtothecharacteristicsoftheindustry,thecompany’smaininventoryhasaveryhighliquidityandislocatedinarelativelysaferange.Fromtheperspectiveoftheasset-liabilityratioindex,thecompany’sasset-liabilityrestructuringinthefirstquarter51.38%,anincreaseof3fromtheendof2019.With57averages,theoveralldefectlevelisnothigh.TheconvertiblebondsissuedbythecompanyenteredtheconversionperiodonJuly6,2020,andthecompany’sasset-liabilityratioaftertheconversionisexpectedtodroptoabout44%.FacedwiththeShenzhenStockExchange’sdoubtsaboutwhethertheTangDynastygodshadexcessiveinvestment,theTangDynastygodsrepeatedlydenieditandexplainedthattheinternalhogindustrymarketislarge,andindividualcompanieshaveasmallmarketshare.Large-scalebreedingenterpriseshavereplacedthecausebyrapidlyexpandingtheproductionofhogsAfricanswinefeverandotherfactorshaveincreasedproduction;accordingtothecharacteristicspresentedbythepigbreedingindustryandthefeedindustry,thecompanyhasrapidlyexpandedtheproductionofpigsandincreasedtheslaughterscalebyincreasinginvestment.Atthesametime,throughfeednutritiontechnology,breedingtechnology,epidemicpreventiontechnology,managementTechnologyandothercomprehensivetechnicalmeanstoreducepigproductioncosts.Accordingtothecurrentmarketconditions,thefeasibilityofinvestmentprojects,andthecompany’sowninvestmentprogress,thecompanydoesnothaveexcessiveinvestment.Atthesametime,thecompanyhascarriedoutthisadditionproject.Assessedandadoptedriskpreventionandcontrolmeasures.Inaddition,TangRenshenalsostatedthatafterverificationbythecompany,fromApril27toMay21,thecompanywasinaccordancewiththeinvestmentplan,theactualprogressofsigningtheinvestmentagreement,approvalandinformationdisclosureprocedures,andtherewasnocooperationwiththemajorshareholderstoreducetheshareholdingBehavior;duringtheaboveperiod,HunanAssetManagement,thecompany’sshareholder,didnotreducethecompany’sstock.Recently,inresponsetothequestionfrominvestorson”howthecompanyrespondstothedownsideriskofpigprices”,TangShenrespondedthat”whenthedownsideriskofpigpricescomes,itisimportanttoconsiderthefollowingtwofactors:First,canthecompanyhaveenoughfundstohelpThecompanyhasgoneoutofthecoldwinter;second,arethecompany’sbreedingcostsandthenewly-builtbreedingcapacitycostslowenough?Thecompanywillusemanagementtechnologyandscientifictechnologytoreducecostsandimproveefficiency.”Sauna,YeWang,editorofYanXiaLiWeijiaproofreadLiMing