On November 24, 2023, Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. closed the transaction. The company has issued 113,502,935 shares at an issue price of CNY 10.22 per share for gross proceeds of CNY 1,159,999,995.7 in the transaction. The transaction included participation from new investors, Cao Jisheng for CNY 440,799,995.3, Jinan Taihao Investment Partnership (Limited Partnership) for CNY 349,999,996.5, Nuode Asset Management Co., Ltd. for CNY 91,199,999.38, Caitong Fund Management Co., Ltd. for CNY 67,499,993.12, Chi Fandong for CNY 59,999,995.02, Geng Peiliang for CNY 49,999,990.74, China International Capital Corporation Limited for CNY 41,000,044.12, Li Bin for CNY 34,499,991.26 and Huaxi Yinfeng Investment Co., Ltd. for CNY 24,999,990.26. After deducting the expenses related to this issuance of CNY 20,893,350.87 (including value-added tax), the actual net amount of funds raised is CNY 1,139,106,644.83. The issue expenses includes sponsorship and underwriting fees CNY 19,397,999.93, attorney fees CNY 400,000, accountant fees CNY 600,000, registration fee CNY 113,502.94, stamp duty CNY 284,848, material production fee CNY 97,000.

On November 29, 2023, the company has received the approval from Shenzhen Stock Exchange for this share issuance.