Sichuan Teway Jiayuan Food Co., Ltd. announced that it will receive CNY 18,000,000 in an equity round of funding on December 14, 2022. The transaction included participation form returning investor, Sichuan Teway Food Group Co.,Ltd. The funds raised through non-public issuance of shares, of which CNY 18,000,000 is included in the registered capital and CNY 178,679,700 is included in the capital reserve. After the completion of this capital increase, both the registered capital and paid-in capital will be changed from CNY 82,000,000 to CNY 100,000,000 and the company still holds 100% of its shares.

The transaction was approved in its 11th meeting of the 5th board of directors and the 10th meeting of the 5th board of supervisors.