On August 18, Hubei Hongyu New Packaging Materials Co., Ltd.，a subsidiary of Angel, officially landed on the Beijing Stock Exchange, with stock abbreviation "Hongyu Packaging Materials" and code "837174", becoming the 16th listed company and the second listed company on the Beijing Stock Exchange in Yichang City. And this is also the first that listed companies on the main board sends subsidiary to the Beijing Stock Exchange in the Province. Hongyu Packaging Materials held the listing ceremony in the form of "offline + cloud live broadcast". Ma Zejiang, deputy secretary of the municipal party committee and mayor, delivered a speech at the ceremony.

In this IPO, Hongyu Packaging Materials raised a total of 162 million yuan and issued 20.34 million shares at 8 yuan per share. The raised funds will be used for the company's annual production of 30,000 tons of health product packaging materials intelligent factory phase II project, supplementary working capital, etc.

Since its establishment in 1998, Hongyu Packaging Materials has been focusing on the research and development, production and sales of color printing composite packaging products, injection molding packaging and breathable film products. We always adhere to the principle of "putting the market at the center" and provide high-quality products and services for downstream food and medical industry customers such as Panpan Foods, Fuling Zhacai, Mengniu Group, and Winner Medical. Adhering to the principle of "quality first, reputation paramount", the company improves the quality management system for R&D, procurement, production, and quality control, and participates in the formulation of multiple national and industry standards. With the principle of "innovation is the primary driving force", we have obtained 64 patents, including 8 invention patents and 56 utility model patents. We have also established multiple research platforms such as the "China Green Soft Packaging New Material Research and Development Center".

On June 15, 2022, the company was transferred to the innovation layer, and on October 27 of the same year, the public offering of shares and listing on the Beijing Stock Exchange was officially accepted by the Exchange. On May 25, 2023, it was approved by the issuance and review committee of the Beijing Stock Exchange. On July 20, it was approved for registration by the China Securities Regulatory Commission. Finally, it was officially launched on July 28 and successfully listed on August 18.

About Angel:

Angel Yeast Company is a high-tech listed company specializing in yeast and biotech. Product business covers Yeast and Baking, Yeast Extract-Savoury, Nutrition & Health and Biotechnology fields. It is one of the world's leading companies in the yeast industry. Angel has 12 holding subsidiaries and provides products and services for more than 150 countries and regions.

http://en.angelyeast.com/

Press contact:

ANGEL YEAST CO., LTD

Address: 168 Chengdong Avenue, Yichang, Hubei 443003, P.R.China

Tel: +86-717-6369520, 6369558

Fax: +86-717-6370680

email: wangmenga@angelyeast.com