On November 2, 2021, Daodaoquan Grain and Oil Co.,Ltd. closed the transaction. The company issued shares at a price of CNY 11.31 each for gross proceeds of CNY 791,700,000. The transaction included participation from Guangdong Hengkuo Investment Management Co., Ltd. for 13,262,599 shares, Zhejiang Zheyan Holdings Co., Ltd. for 8,841,732 shares, China Asset Management Co., Ltd. for 5,835,542 shares, Guangdong Hengkun Development Investment Fund Co., Ltd. for 4,420,866 shares, Guangdong Dehui Investment Management Co., Ltd. for 3,978,779 shares, Caitong Fund Management Co., Ltd. for 3,713,513 shares, Guangdong Dehui Investment Management Co., Ltd. through Dehui Exclusive Private Securities Investment Fund for 3,536,693 shares, Chen Xinwen for 3,253,757 shares, Guosen Securities Co., Ltd. for 3,094,606 shares, Rodin for 2,652,519 shares, Zhou Jian for 2,564,102 shares, UBS Group AG for 2,210,433 shares, Yi Chan for 2,210,433 shares, Guangdong Dehui Investment Management Co., Ltd. through Dehui Exclusive No.

6 Private Securities Investment Fund for 2,210,433 shares, Guangdong Dehui Investment Management Co., Ltd through Dehui Zunxiang No. 9 Private Securities Investment Fund for 2,210,433 shares, Hong Zhonghai for 2,210,433 shares, Wang Huiyan for 2,210,433 shares, and Holly Equity Investment Fund Management (Shanghai) Co., Ltd. through Holly Bullion No. 18 Private Securities Investment Fund for 1,582,694 shares.

The company paid CNY 11,784,957.50 as issuance costs including underwriting sponsorship for CNY 10,102,547.17, lawyer service fees for 792,452.82, audit and capital verification fees for CNY 377,358.48, equity registration fees for CNY 66,037.74, and printing fees for CNY 56,603.77, stamp duty for CNY 389,957.52.