On 1 June, 2017, the China Securities Regulatory Commission (CSRC) officially announced that Jingbo Agrochemicals Technology Co., Ltd. (Jingbo Agrochemicals)’s initial public offerings (IPO) was rejected, which was a result of the doubt about the company’s several problems such as the interest of minority shareholders and the realness of the clients.

In Jan. 2017, the China Securities Regulatory Commission (CSRC) published the IPO (Initial Public Offerings) and listing of Jingbo Agrochemicals Technology Co., Ltd. (Jingbo Agrochemicals), who plans to issue no less than 40.1 million regular RMB shares on the Shenzhen Stock Exchange Market to raise USD79.2 million.