On July 1, 2024, Golden Heaven Group entered into a Securities Purchase Agreement for a private placement of 120,000,000 Class A Ordinary Shares and Warrants to purchase up to 240,000,000 additional shares. The Warrants, exercisable at $0.20 per share, will expire five years after July 1, 2024. The offering is expected to close around July 18, 2024, with gross proceeds of approximately $18 million.The company plans to use the net proceeds for realizing its business plan, working capital, and other general corporate purposes. The offering is exempt from registration under Regulation S of the Securities Act, with investors representing themselves as non-U.S. persons. Certain investors have granted their voting rights to the company's controlling shareholder for the purchased shares.This private placement strengthens Golden Heaven's financial position, potentially supporting its growth initiatives. However, investors should note that the newly issued shares and warrants are subject to resale restrictions under U.S. securities laws.

On July 1, 2024, Golden Heaven Group entered into a Securities Purchase Agreement for a private placement of 120,000,000 Class A Ordinary Shares and Warrants to purchase up to 240,000,000 additional shares. The Warrants, exercisable at $0.20 per share, will expire five years after July 1, 2024. The offering is expected to close around July 18, 2024, with gross proceeds of approximately $18 million.The company plans to use the net proceeds for realizing its business plan, working capital, and other general corporate purposes. The offering is exempt from registration under Regulation S of the Securities Act, with investors representing themselves as non-U.S. persons. Certain investors have granted their voting rights to the company's controlling shareholder for the purchased shares.This private placement strengthens Golden Heaven's financial position, potentially supporting its growth initiatives. However, investors should note that the newly issued shares and warrants are subject to resale restrictions under U.S. securities laws.