Bon Natural Life Limited announced a private placement to issue 2,445,415 Shares at an issue price of $2.52 per share for the gross proceeds of $5,600,000.35 and warrants to purchase up to 7,336,245 ordinary shares of the Company at a price of $2.52 per share on May 16, 2024. A total of four subscribers participated in the Offering, including the Yongwei Hu, who subscribed for 1,834,061 Shares. Prior to its consummation, the Offering was approved by the written consent of a majority of the Company?s shareholders and by the unanimous consent of its Board of Directors on April 23, 2024.

The Offering was conducted pursuant to the exemption provided by Rule 506(b) under Regulation D. The Shares were offered exclusively to ?accredited investors? as defined in Rule 501 under Regulation D and the Company did not engage in any general solicitation or advertising. Following the close of the offering, the Company has a total of 3,970,558 ordinary shares issued and outstanding.