On June 23, 2022, Angel Yeast Co., Ltd closed the transaction. The company will now issue 36,651,936 shares at a price of CNY 38.47 per share for gross proceeds of CNY 1,409,999,977.92. The company incurred issue expense in respect of the transaction of CNY 10,230,727.81.

The shares shall not be transferred within 6 months from the date of the end of the issuance. The transaction included participation from J.P. Morgan Securities plc for 3,483,233 shares for gross proceeds of CNY 133,999,973.51; China North Industries Corporation Limited for 2,079,542 shares for gross proceeds of CNY 79,999,980.74; Jiangyin Addor Gaoxin Equity Investment Partnership Enterprise (Limited Partnership), a fund managed by Suzhou Addor Rongjing Capital Management Partnership Enterprise (Limited Partnership) for 2,599,428 shares for gross proceeds of CNY 99,999,995.16; Huashi Haorui (Wuhan) Asset Management Co., Ltd. for 3,119,313 shares for gross proceeds of CNY 119,999,971.11; Shanghai Commercial Investment Co., Ltd. for 1,429,685 shares for gross proceeds of CNY 54,999,981.95; Shanghai Shenchuang Pujiang Equity Investment Fund Partnership Enterprise (L.P.), a fund managed by Shanghai Junhe Licheng Investment Management Center (Limited Partnership) for 1,351,702 shares for gross proceeds of CNY 51,999,975.94; Shanghai Shenchuang New Power Equity Investment Fund Partnership Enterprise (L.P.) for 1,351,702 shares for gross proceeds of CNY 51,999,975.94; Shanghai Shenchuang Industry City Private Equity Fund Partnership (L.P.) for 1,351,702 shares for gross proceeds of CNY 51,999,975.94; Shanghai Junhe Peer Private Equity Partnership (Limited Partnership) for 1,351,702 shares for gross proceeds of CNY 51,999,975.94; Yichang State-owned Capital Investment Holdings Group Co., Ltd. for 2,599,428 shares for gross proceeds of CNY 99,999,995.16; Yichang Xingfa Investment Co., Ltd. for 2,079,542 shares for gross proceeds of CNY 79,999,980.74; CITIC Venture Capital (Shanghai) Co., Ltd. for 5,198,856 shares for gross proceeds of CNY 199,999,990.32; Morgan Stanley & Co. International plc for 2,859,370 shares for gross proceeds of CNY 109,999,963.90; Taiping Asset Management-Industrial Bank-Taiping Assets Private Increase No.

18 (Liding) Asset Manag for 1,299,714 shares for gross proceeds of CNY 49,999,997.58; Shenwan Hongyuan Securities Co., Ltd., Investment Arm for 2,599,428 shares for gross proceeds of CNY 99,999,995.16; Caitong Fund Management Co., Ltd. for 1,897,589 shares for gross proceeds of CNY 73,000,248.83.