Jinzi Ham Co.,Ltd announced that it has entered into share subscription agreement with individual investor Ren Qifeng for private placement of not more than 293,493,984 A shares at an issue price of CNY 4.06 per share for gross proceeds of CNY 1,191,585,575.04 on August 27, 2021. The shares issued shall not be transferred within 36 months from the date of the end of the issuance. The transaction has been approved at the 17th meeting of the company's fifth board of directors, and yet to be reviewed and approved by the company's shareholders meeting and China Securities Regulatory Commission.