Wens Foodstuff Group Co., Ltd. (SZSE:300498) announced a private placement of common shares or convertible bonds on May 29, 2019. The transaction will include participation from not more than 5 specific investors. In case of issuing shares, issuance price will be not lower than 90% of median market price of the company's shares as of 20 previous days to issuance date. In case of issuing bonds, issuance price will be CNY 100 each. All the securities to be issued in the transaction will have a lock up period of 12 months from the issuance date. The transaction has been approved by the shareholders of the company.