Zijin Dongrui Agricultural Development Co., Ltd. announced a placement of common shares for gross proceeds of CNY 150,000,000 on March 22, 2023. The transaction will include participation from returning investor, Dongrui Food Group Co., Ltd. continuing to hold 100% stake. After the capital increase is completed, the registered capital will increase from CNY 50,000,000 to CNY 200,000,000.

The transaction has been approved at the fourth meeting of the third board of directors of Dongrui Food Group Co., Ltd. The transaction is planned to be completed before December 31, 2024. The capital increase will be invested in tranches according to relevant regulations, and the board of directors authorizes the company's management to handle specific procedures related to the capital increase.