Inner Mongolia Yili Industrial Group Co., Ltd announced a private placement of not more than 608,262,483 A shares for gross proceeds of not more than CNY 13,000,000,000 on June 4, 2021. The issuance price of the shares shall not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the extraordinary meeting of the 10th directorate meeting and the extraordinary meeting of the 10th supervisory board meeting of the company. The transaction is subject to approval from shareholders of the company and China Securities Regulatory Commission.