Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced private placement of not more than 120,000,000 A shares for gross proceeds of not more than CNY 1,570,000,000 to not more than 35 investors on January 29, 2021. The issue price will be not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance. The transaction has been approved in the 13th session of the company’s 5th directorate and the 9th session of the company’s 5th supervisory board. The transaction is subject to approval of shareholders of the company at its 1st extraordinary general meeting of 2021 to be held on February 19, 2021 and the China Securities Regulatory Commission.