On September 14, 2023, Jiangxi Huangshanghuang Group Food Co., Ltd. closed the transaction. The company issued 44,642,857 A shares at an issue price of CNY 10.08 per share for the gross proceeds of CNY 449,999,998.56. The company has disclosed the issue expenses of CNY 8,464,185.14.

The shares must not be transferred within 18 months after issuance completion date. Prior to this issuance, as of June 30, 2023, Xinyu Huangshanghuang Investment Management Center (Limited Partnership) owns 66,364,800 shares in the company, accounting for 12.95% stake. After the issuance, Xinyu Huangshanghuang Investment Management Center (Limited Partnership) owns 111,007,700 shares in the company, accounting for 19.93% stake.