On December 29, 2023, Tech-Bank Food Co., Ltd. closed the transaction. The company issued 382,741,206 A shares at a price of CNY 3.13 per share for gross proceeds of CNY 1,197,979,974.78. The company incurred issue expenses - sponsorship and underwriting fee of CNY 9,325,835.30; accounting fee of CNY 1,050,000; legal fee 1,000,000; and information disclosure fee of CNY 50,000.

The transaction included participation from new investors Hvsen Biotechnology Co., Ltd. for 31,948,881 shares for gross proceeds of CNY 99,999,997.53, Dehui Global Selected Private Securities Investment Fund for 18,530,351 shares for gross proceeds of CNY 57,999,998.63, Dehui Zunxiang Private Securities Investment Fund for 18,530,351 shares for gross proceeds of CNY 57,999,998.63; funds managed by Guangdong Dehui Investment Management Co., Ltd., GF Securities Co., Ltd. 18,642,172 shares for gross proceeds of CNY 58,349,998.36, Guotai Junan Financial Holdings Limited for 31,948,881 shares for gross proceeds of CNY 99,999,997.53, Nuode Asset Management Co., Ltd. for 47,079,872 shares for gross proceeds of CNY 147,359,999.36, China Great Wall Securities Co.,Ltd. for 31,948,881 shares for gross proceeds of CNY 99,999,997.53, UBS Group AG for 8,306,709 shares for gross proceeds of CNY 25,999,999.17, China Universal Asset Management Company Ltd. for 4,792,332 shares for gross proceeds of CNY 14,999,999.16, Tuopai Xingfeng No. 5 Private Securities Investment Fund, a fund managed by Shanghai Tuopai Asset Management Co., Ltd. for 36,261,980 shares for gross proceeds of CNY 113,499,997.40, Taicang Yingyuan Consulting Management Center (Limited Partnership) for 38,338,658 shares for gross proceeds of CNY 119,999,999.54, Zhongyue Fixed Increase Optimization No. 5 Private Securities Investment Fund, a fund managed by Zhongyue Capital Management Co., Ltd. for 15,974,440 shares for gross proceeds of CNY 49,999,997.20, Wu Tianxing for 6,389,776 shares for gross proceeds of CNY 19,999,998.88, Huo Weichao for 4,792,332 shares for gross proceeds of CNY 14,999,999.16, Yu Fangqin for 14,910,543 shares for gross proceeds of CNY 46,669,999.59, returning investors Guotai Junan Securities Co., Ltd. for 31,948,881 shares for gross proceeds of CNY 99,999,997.53, Caitong Fund Management Co., Ltd. for 22,396,166 shares for gross proceeds of CNY 70,099,999.58,.