Shanghai Ji Yuan De Foodstuff Co., Ltd. announced a private placement of 21,250,000 shares at issue price of TWD 10 per share for gross proceeds of TWD 212,500,000 on January 24, 2024. The transaction includes participation from returning investor,Bafang Yunji International Company Limited. Bafang Yunji International Company Limited will increase its share from 60% to 85%.

The transaction has been approved at the board of directors of the investor.