Muyuan Foods Co., Ltd. announced that it has entered into a share subscription agreement for the private placement of not more than 149,216,612 A shares at a price of CNY 40.21 per share for gross proceeds of CNY 5,999,999,969 on October 18, 2021. The transaction will include participation from existing investor, Muyuan Industrial Group Co., Ltd for all shares issued. The transaction has been approved in the 2nd meeting of the company's 4th directorate and the 2nd Meeting of the 4th supervisory board and is subject to the approvals of the company's shareholders and the China Securities Regulatory Commission.

The shares cannot be transferred within 18 months from the issuance closing date. At present, the company's total share capital is 5,262,358,594 shares and investor holds 684,812,822 shares of the company.