Brief introduction of new agricultural development company

Xinjiang Tarim Agricultural Comprehensive Development Co., Ltd. is a joint-stock company exclusively sponsored by Xinjiang Aksu Agricultural Reclamation Agriculture, Industry and Commerce Corporation directly under the First Agricultural Division of Xinjiang Production and Construction Corps and established through social fundraising. It is a large-scale modern enterprise group with advanced productivity, high technical level and high mechanization, which integrates comprehensive agricultural development, animal husbandry, forestry and fruit industry, grass industry, pharmacy, real estate, improved seed breeding, water-saving equipment and comprehensive energy utilization. The company's shares were listed and traded on the Shanghai Stock Exchange on April 29th, 1999, stock code 600359. At present, the total share capital reaches 32 1000000 shares, including state-owned legal person shares 163050000 shares and social tradable shares 157950000 shares.

New Agricultural Development Co., Ltd. is a national key leading enterprise in agricultural industrialization, located on both sides of the upper reaches of Tarim River, and currently owns three farms: Alar, Nankou and Happiness City. 6 holding subsidiaries: Aksu Nong Xin Dairy Co., Ltd. (its holding company is Kuqa Nong Xin Dairy Co., Ltd.), Xinjiang Alar Nong Xin Glycyrrhiza Industry Co., Ltd., Aksu Nong Xin Real Estate Co., Ltd., Alar Nong Xin Cotton Pulp Co., Ltd., Alar Nong Xin Cotton Spinning Co., Ltd. and Alar Nong Xin Saijie Grass Industry Co., Ltd.; Seven shareholding companies: Xinjiang Hailong Chemical Fiber Co., Ltd., Xinjiang Jinniu Co., Ltd., Xinjiang Alar Tiannong Water-saving Irrigation Co., Ltd., Xinjiang Tarim River Seed Industry Co., Ltd., Xinjiang Nong Xin Plastic Industry Co., Ltd., Alar Water Supply and Drainage Company, Xinjiang Agricultural Reclamation Aksu Supply and Marketing Cooperative Company.

By the end of 2007, the company's total assets reached 2.752 billion yuan, and its net assets were11.1.70 billion yuan. The company's main products are long-staple cotton, fine-staple cotton, grain, oilseeds, licorice series products, cotton pulp, viscose staple fiber, breeding livestock, feed, dairy products, cotton textiles, water-saving equipment and so on. The company is a national commodity cotton production base, and its "Nong Xin" brand cotton has been rated as a national famous brand product. The company is also the national breeding demonstration base and the largest licorice extract production base in China. Its products are exported to Japan, the United States, Germany and other countries, and its development prospects are very broad.