Dahu Aquaculture Co.,Ltd. announced a private placement of not more than 144,371,156 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of CNY 509,999,915 on July 21, 2023. The transaction will include participation from not more than 35 investors. The transaction has been approved in the 2nd Meeting of the Company?s 9th Directorate and 2nd Meeting of the 9th Directorate and the 2nd Meeting of the 9th Supervisory Board.

The transaction is subject to the approvals of the Company?s Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date.