Huizhou Dongrui Agriculture and Animal Husbandry Co., Ltd. announced that it will issue common shares for the gross proceeds of CNY 170,000,000 on January 12, 2023. The transaction will include participation from Dongrui Food Group Co., Ltd. for 95%, and will invest CNY 161,500,000, and Huizhou Xingmu Animal Husbandry Development Co., Ltd. for 5%, and will invest CNY 8,500,000. CNY 110,000,000 will be paid before March 31, 2023, and CNY 60,000,000 before December 31, 2024.

The registered capital will increase from CNY 30,000,000 to CNY 200,000,000. This has been approved in the 2nd Meeting of the Company's 3rd Directorate held on January 11, 2023, and does not need the Shareholders' Approval.