Jiangxi Huangshanghuang Group Food Co., Ltd. announced that it has signed a share subscription agreement to issue not more than 44,598,612 common shares at a price of CNY 10.09 for a gross proceeds of not more than CNY 449,999,995.08 on December 19, 2022. The transaction will include participation from new investor Xinyu Huangshanghuang Investment Management Center (Limited Partnership).