Yummy Town (Cayman) Holdings Corporation announced a private placement of not more than 5,000,000 common shares on April 12, 2023. The pricing the subscription to common shares of the transaction, the reference price shall be the highest of either the simple arithmetic average of the closing price of the common shares either on the first, third, or fifth business day immediately prior to the price determination date, after adjustment for any distribution of stock dividends, cash dividends or capital reduction, or the simple arithmetic average of the closing price of the common shares 30 business days prior to the price determination date, after adjustment for any distribution of stock dividends, cash dividends or capital reduction. The securities cannot be freely traded within three years, can ensure the long-term cooperation between the company and strategic investors.

The transaction has been approved by the board of directors of the company.