Hyea Aromas plans to raise no more than 113 million yuan through a simplified procedure for the purpose of expanding its flavor production capacity

Hyea Aromas plans to issue shares to specific investors through a simplified procedure, raising no more than 113 million yuan, mainly to expand spice production capacity. This issuance will target no more than 35 specific investors, with the issuance price not lower than 80% of the average price of the 20 trading days prior to the pricing benchmark date. The raised funds will be used for the first phase of a project to produce 3,230 tons of spices annually, with a production facility for 1,300 tons of spices annually