On August 3, 2021, Shandong Longda Meat Foodstuff Co.,Ltd closed the transaction. The registration procedures for the newly issued shares were completed at China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. The company has issued 76,029,409 common shares at an issue price of CNY 8.16 per share for gross proceeds of CNY 620,399,977.44.

The transaction includes participation from new investors, Galaxy Derivatives Capital Management Co. Ltd. for 22,058,823 shares and 2.05% stake, China Galaxy Securities Co., Ltd. for 20,833,333 shares for 1.93% stake and Caitong Fund Management Co., Ltd. for 16,764,705 shares for 1.56% stake in the company, and Nuode Asset Management Co., Ltd. for 245,098 shares, and individual investors, Qi Yang for 6,127,450 shares and Zhang Yongheng for 10,000,000 shares. The company has incurred issuance expenses of CNY 9,613,574.57 in the transaction.

The shares issue have hold period of six months.