On November 25, 2022, Shennong Group (605296. SH) issued an announcement that the company planned to sign the Investment Agreement with Jiangzhou District People's Government of Chongzuo City to invest in the construction of 500000 pigs and meat food deep processing projects in Jiangzhou District, Chongzuo City, Guangxi Zhuang Autonomous Region.

The total planned investment of the project is about 665 million yuan, of which: about 600 million yuan is used for the sow farm and fattening farm supporting projects of the project of 500000 pigs annually, and the investment is carried out by stages and batches; About 65 million yuan will be used to build a modern meat food processing factory.