Yimutian announced a strategic cooperation with regional partners to co-develop an integrated farmland initiative spanning more than 21,000 mu (approximately 1,400 hectares) in Huazhou City, Guangdong Province. Under the agreement, Yimutian will provision digital platforms, data systems and AI-based agricultural tools, while local partners handle land coordination, infrastructure and execution. The project focuses on farmland consolidation, soil improvement, irrigation optimization and smart cultivation technologies to modernize agricultural circulation systems and support branded product processing.

Separately, Yimutian signed a preliminary acquisition agreement with Hunan Jiufeng Agriculture, which operates nearly 30,000 mu of oil-tea plantations and a vertically integrated processing business. The ¥110 million ($15.85 million) deal, pending due diligence and closing conditions, aims to integrate AI across cultivation, manufacturing and distribution channels to build a technology-driven agricultural ecosystem connecting production to consumption.

Following the announcements, Yimutian’s ADRs rose 1.7% on Friday and were up 3% at $1.85 in premarket trading, reflecting investor optimism regarding the company’s expansion into large-scale digital agriculture and value-chain acquisitions.