Yantai North Andre Juice Co.,Ltd. announced a private placement of A shares for the gross proceeds of CNY 300,000,000 on March 6, 2024. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.

The transaction has been approved by the shareholders of the company in 15th meeting of the 8th session of the board of directors. Shares to be issued to specific targets may not be transferred within 6 months from the date of issuance.