Tianbang Foods announced that the company previously disclosed the public recruitment of investors for the restructuring. After a comprehensive assessment by the Investor Review Committee, Tongwei Group Co., Ltd. was determined to be the selected investor. The two parties have signed the “Reorganization Investment Agreement”. According to the agreement, capital reserve shares were transferred to 13.8 shares for every 10 shares, generating a total of 3,066 billion shares. Of these, Tongwei Group conditionally transferred 1.47 billion shares, with investment consideration of 1,441 billion yuan, or 0.98 yuan per share. Tongwei Group shall pay an investment deposit of 258 million yuan within 5 working days from the effective date of the agreement, including the registration deposit already paid, for a total of 288 million yuan. After the restructuring is completed, Tongwei Group is expected to become the controlling shareholder of the company.

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