Inner Mongolia Jinhao Yili Dairy Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 1,757,865,000 on January 12, 2022. The transaction will include participation from returning investor Inner Mongolia Yili Industrial Group Co., Ltd. The transaction has been approved at the extraordinary meeting of the company's 10th directorate and the extraordinary meeting of the company's 10th supervisory board, and does not need the shareholders' approval. Post the closing, the registered capital of the company will increase from CNY 1800,000,000 to CNY 3,557,865,000.