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Re: RealDutch post# 4445

Friday, 07/10/2020 6:20:11 PM

Friday, July 10, 2020 6:20:11 PM

Post# of 9444
This could explain the "delays". We can look at the asset swap as an example.

Beginning in January 2015 and continuing through the spring and summer of 2015 our management reviewed and identified agricultural properties of our sister company Gansu Yasheng-Agro Industrial and Commerce Group Co. Ltd, and determined that their farmlands would be appropriate for the swap transaction due to their better access to water and the fact that the prices for their crops were not declining as some of our crops. Thereafter during the period from June through August 2015 our Chinese counsel prepared documents for the swap and our Chairman had numerous discussions with management of Gansu Yasheng Salt Chemical Industrial Group regarding the implementation of the swap transaction. Thereafter we procured appraisals of the incoming and outgoing properties and an audit report on the incoming assets and our Board of Directors took action by written consent on August 18, 2015 and approved the swap. Thereafter from September 23, 2015 through September 25, 2015 our Board members reviewed this Information Statement and took action by consent on September 25, 2015 to approve the filing of this Information Statement.



It was filed on October 6 and the press release was from October 12. All in all 7 weeks between approval and the announcement.

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