China yuan futures to sell food group

National Yuan Securities (000728) announced today, because the National Yuan Group failed to fully meet the regulatory requirements of the shareholder qualification conditions, by the State Yuan Securities and the National Yuan Group friendly consultation, unanimously agreed to the unconditional release of the two sides on the transfer of the State Yuan Futures equity Agreement and signed the cancellation agreement. It is reported that in order to resolve the issue of the "one-parameter-one-control" rule, National Yuan Securities held the fifth session of the Board of Directors of the 30th meeting May 24 to consider the adoption of the "transfer of the State Yuan futures stake in the bill", the transaction of the Fangan Grain Group held 15.12% shares of national Yuan Securities, The transaction constitutes a related transaction, the relevant directors to avoid voting on the above transaction, the non-affiliated directors present at this meeting unanimously passed the bill, agreed to the company to the Food group transfer of 55% of the State Yuan futures, the transfer of the total price of 62.42 million yuan. This motion also needs to be submitted to the general Meeting of shareholders to consider, the affiliated shareholders will avoid voting, shareholders general meeting after the approval of the CSRC.