Ricen Group: The first public offering of shares for the raised funds project has been completed, intending to raise 16.229 million yuan.

Nichen Co., Ltd. announced that the company's initial public offering of stock fundraising project has been completed. In 2019, the initial public offering of shares raised a total of 387.162 million yuan, with a net amount of 342.6606 million yuan. As of now, the remaining funds total 38.2623 million yuan, of which 22.0334 million yuan has been supplemented from the previous completion. This time, it is proposed to permanently supplement the remaining 16.229 million yuan for the "Construction project of a 15,000-ton annual production base for compound seasonings" and "Construction project of a 5,000-ton annual production line for soup extraction" with working capital. This matter has been approved by the board of directors and still needs to be reviewed by the shareholders' meeting. The sponsoring institution has no objections to the verification.