Shum Kong Vegetable Trading Co., Ltd. announced that it will issue common shares for gross proceeds of HKD 50 million on July 17, 2023. The transaction will include participation from returning investor, Shenzhen Agricultural Products Group Co., Ltd. The transaction has been approved at the 3rd session of the company?s 9th directorate. The transaction is still subject to the approval of the company?s shareholders?

meeting. The company's registered capital will increase from HKD 1.60 million to HKD 51.60 million.