Organic Agricultural Company Limited announced that it entered into an agreement to sell 9,000,000 shares of its common stock at a price of CNY 0.63 per share for gross proceeds of CNY 5,670,000 on November 28, 2022. The company will raise money in tranches. CNY 900,000 on December 15, 2022, CNY 1,800,000 on April 15, 2023; and CNY 2,970,000 on August 15, 2023. The shares were issued in a private transaction to an investor that was acquiring the shares for its own account. The transaction, therefore, was exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) of the Securities Act.

On November 29, 2022 the company entered into an agreement to sell 1,000,000 shares of its common stock to Sun Ying for a price of CNY 630,000. The company will raise money in tranches. CNY 315,000 on December 15, 2022 and CNY 315,000 on April 15, 2023. The shares were issued in a private transaction to an investor that was acquiring the shares for her own account. The transaction, therefore, was exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) of the Securities Act.