On February 25, 2022, Shandong Delisi Food Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company will now issue 133,315,290 class A common shares at a price of CNY 7.39 per share for total gross proceeds of CNY 985,199,993.10.

The transaction included participation from Fanyi Multi-Stategy Yushi Xiexing No. 1 Private Securities Investment Fund, a fund managed by Qingdao Fanyi Asset Management Co., Ltd., for 5,412,719 shares for total gross proceeds CNY 39,999,993.41, Zhongshi Wealth (Beijing) Investment Fund Management Co., Ltd., for 4,059,539 shares for total gross proceeds CNY 29,999,993.21, CICC Asset Management Department, for 12,178,619 shares for total gross proceeds CNY 89,999,994.41, China Galaxy Securities Co., Ltd., Investment Arm for 9,472,259 shares for total gross proceeds CNY 69,999,994.01, Morgan Stanley & Co International Plc, Investment Arm, for 4,059,539 shares for total gross proceeds CNY 29,999,993.21, Ningju Yingshanhong No. 9 Private Securities Investment Fund, a fund managed by Ningbo Ningju Asset Management Center (Limited Partnership) for 4,059,539 shares for total gross proceeds CNY 29,999,993.21, Caitong Fund Management Co., Ltd. for 24,479,025 shares for total gross proceeds CNY 180,899,994.75, CITIC Securities Investment Limited for 4,059,539 shares for total gross proceeds CNY 29,999,993.21, Ningju Kaiyang No.

10 Private Securities Investment Fund, a fund managed by Zhejiang Enjoy Investment Management Co,. Ltd. for 4,059,539 shares for total gross proceeds CNY 29,999,993.21, Nuode Asset Management Co., Ltd. for 9,932,353 shares for total gross proceeds CNY 73,400,088.67, Nanjing Frierson Investment Partnership (Limited Partnership) for 6,901,217 shares for total gross proceeds CNY 50,999,993.63, Lihua Private Placement Chongyang Private Securities Investment Fund, a fund managed by Chengdu Lihua Investment Co., Ltd. for 4,059,539 shares for total gross proceeds CNY 29,999,993.21, Galaxy Capital Asset Management Co., Ltd.-Galaxy Capital-Xinxin No. 1 Collective Asset Management Plan for 17,848,443 shares for total gross proceeds CNY 131,899,993.77, Guo Weisong for 13,531,799 shares for total gross proceeds CNY 99,999,994.61, Li Tianhong for 5,142,083 shares for total gross proceeds CNY 37,999,993.37, and Lin Jintao for 4,059,539 shares for total gross proceeds CNY 29,999,993.21.

The securities to be issued shall have a hold period of 6 months from the date of completion of the issue. The total expenses incurred in the transaction is CNY 8,141,698.54. which includes underwriting and sponsorship fees of CNY 6,647,169.78, lawyer fees of CNY 754,716.98, audit and capital verification fees of CNY 315,000.00, and material printing costs of CNY 54,716.98 After the securities registration fee and stamp duty of RMB 370,094.80.