Xu Shihui made an offer to acquire an additional stake in Dali Foods Group Company Limited (SEHK:3799) for HKD 5.7 billion on June 27, 2023. The payment of the total consideration under the Scheme will be financed by way of internal resources and/or external financing. As of August 23, 2023, the scheme was approved by Dali Foods Group shareholders. The transaction is expected to close on August 31, 2023. China International Capital Corporation Hong Kong Securities Limited acted as manager to the offeror and Gram Capital Limited acted as financial advisor to Dali Foods Group Company Limited. Iris Yeung of Allen & Overy acted as legal advisor for China International Capital Corporation Hong Kong Securities Limited.

Xu Shihui completed the acquisition of an additional stake in Dali Foods Group Company Limited (SEHK:3799) on August 30, 2023. All conditions have been fulfilled.