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YanGuFang International Group Co., Ltd. Announces Pricing of Initial Public Offering – YanGuFang Intl Gr (NASDAQ:YGF)

YanGuFang International Group Co., Ltd. Announces Pricing of Initial Public Offering – YanGuFang Intl Gr (NASDAQ:YGF)

Shanghai, China, March 27, 2023 (World NEWSWIRE) — YanGuFang Worldwide Group Co., Ltd. (the “Company”), a balanced meals firm principally engaging in the generation, exploration and progress, and income of oat and grain solutions, today announced the pricing of its initial public providing (the “Giving”) of 2,000,000 regular shares at a general public giving price of US$4.00 for each share. The normal shares have been accredited for listing on The Nasdaq Money Sector and are expected to begin buying and selling on March 28, 2023 less than the ticker symbol “YGF.”

The Corporation expects to receive aggregate gross proceeds of US$8. million from this Offering, before deducting underwriting discounts and other relevant fees. In addition, the Business has granted the underwriters a 45-day possibility to obtain up to an supplemental 300,000 everyday shares at the general public presenting cost, fewer the underwriting special discounts. The Giving is anticipated to near on March 30, 2023, matter to pleasure of customary closing ailments.

Proceeds from the Presenting will be made use of for (i) the design of more output facilities, acquire of new tools and upgrades of existing equipment (ii) the analysis and growth (“R&D”) of new items and technologies, updates of current goods and technologies, new hires of R&D personnel (iii) global small business enlargement, mostly to North The us, South East Asia and Japan (iv) promoting and brand names marketing and (v) doing the job money and other common corporate functions.

EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), is acting as sole guide-operating supervisor for the Providing. Ellenoff Grossman & Schole LLP is acting as counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as counsel to EF Hutton in relationship with the Presenting.

A registration assertion on Sort F-1 relating to the Featuring, as amended, was filed with the Securities and Trade Fee (the “SEC”) (File Amount: 333-266607) and was declared powerful by the SEC on March 27, 2023. The Presenting is staying built only by indicates of a prospectus, forming a section of the registration statement. Copies of the remaining prospectus relating to the Providing, when out there, might be received from EF Hutton, Attn: Syndicate Section, 590 Madison Avenue, 39th Ground, New York, NY 10022, or by means of email at [email protected] or telephone at (212) 404-7002. In addition, a duplicate of the prospectus relating to the Featuring could be acquired via the SEC’s web page at www.sec.gov.

Right before you invest, you ought to read through the prospectus and other paperwork the Corporation has submitted or will file with the SEC for a lot more comprehensive information about the Corporation and the Offering. This press release shall not represent an offer to promote, or the solicitation of an offer to acquire any of the Firm’s securities, nor shall these types of securities be made available or marketed in the United States absent registration or an applicable exemption from registration, nor shall there be any present, solicitation or sale of any of the Company’s securities in any condition or jurisdiction in which this sort of gives, solicitations or revenue would be unlawful prior to registration or qualification below the securities guidelines of such point out or jurisdiction.

About YanGuFang Intercontinental Team Co., Ltd.

YanGuFang Worldwide Team Co., Ltd. is generally engaged in the manufacturing, study and growth, and profits of oat and grain goods as a result of its substantial revenue and distribution community. The Company’s dedication to oats has resulted in main specialized progress that permit it to unlock the breadth of its products portfolio, which is broadly classified into oat and grain collection goods and oat nutrient and overall health collection products and solutions. The Company has made in excess of 80 oat solutions for its oat and grain sequence and oat nutrient and health sequence to meet the diversified requires of individuals. For far more details, take a look at the Firm’s website at http://ir.ygfang.com/.

Ahead-On the lookout Statements

Certain statements in this announcement are ahead-wanting statements, including, but not limited to, the Company’s proposed Giving. These ahead-looking statements require recognised and mysterious challenges and uncertainties and are dependent on the Firm’s recent expectations and projections about long run situations that the Firm thinks may possibly have an affect on its money issue, effects of functions, organization system and financial wants, like the expectation that the Presenting will be successfully accomplished. Traders can recognize these forward-wanting statements by terms or phrases this sort of as “might,” “will,” “be expecting,” “anticipate,” “purpose,” “estimate,” “intend,” “system,” “imagine,” “is/are probable to,” “potential,” “keep on” or other comparable expressions. The Organization undertakes no obligation to update or revise publicly any forward-hunting statements to mirror subsequent occurring activities or situation, or variations in its expectations that occur just after the date hereof, other than as might be necessary by legislation. These statements are topic to uncertainties and challenges like, but not constrained to, the uncertainties similar to marketplace circumstances and the completion of the original community presenting on the anticipated phrases or at all, and other variables talked over in the “Threat Things” part of the registration statement submitted with the SEC. Despite the fact that the Business believes that the anticipations expressed in these ahead-searching statements are fair, it are not able to guarantee you that this kind of expectations will convert out to be accurate, and the Firm cautions buyers that precise results could differ materially from the expected effects and encourages investors to assessment other factors that may possibly influence its potential effects in the Firm’s registration assertion and other filings with the SEC. More elements are reviewed in the Company’s filings with the SEC, which are readily available for critique at www.sec.gov.

For trader and media inquiries you should contact:

YanGuFang Global Group Co., Ltd.
Trader Relations Office
E-mail: [email protected]

Ascent Trader Relations LLC
Tina Xiao
Cell phone: +1 917-609-0333
E-mail: [email protected]