Leshan Giantstar Farming&Husbandry Corporation Limited announced a private placement and entered in share subscription agreement to issue A shares for gross proceeds of not more than CNY 1,750,000,000 on December 22, 2023. The transaction will include participation from not more than 35 investors including retuning investor Sichuan Giant Star Enterprise Group Co., Ltd., who will subscribe to not less than 5% of the issuance. The shares Sichuan Giastar Group Co., Ltd. subscribes to cannot be transferred within 18 months and the other investors subscribe to cannot be transferred within 6 months from the issuance closing date.

The transaction has been approved by the board of directors in the 12th meeting of the 4th directorate and the 8th meeting of the 4th supervisory board. The transaction is still subject to approval from shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.