Inner Mongolia Dairy Technology Research Institute Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 525,073,900 on January 12, 2022. The transaction will include participation from returning investor Inner Mongolia Yili Industrial Group Co., Ltd. to maintain 100% stake in the company. The transaction has been approved at the extraordinary meeting of the investor's 10th directorate and at its 10th supervisory board, and does not need the shareholders' approval.

Post the transaction, the registered capital will increase from CNY 300,000,000 to CNY 825,073,900.