Wing Yip Food Holdings Group Limited (Wing Yip), a Chinese meat processor, priced its initial public offering (IPO) of 2,050,000 American Depositary Shares (ADSs) at US$4.00 per ADS. Each ADS represents one ordinary share. The firm commitment offering is slated for listing on Nasdaq (ticker: WYHG) on November 26, 2024.

The company anticipates gross proceeds of US$8.20 million, excluding underwriting discounts and expenses. Underwriters have a 45-day option to buy up to an additional 307,500 ADSs at the IPO price, less discounts. The offering is expected to close around November 27, 2024, contingent upon standard closing conditions.

Dawson James Securities, Inc. and D. Boral Capital LLC are the underwriters. Hunter Taubman Fischer & Li LLC serves as U.S. securities counsel for Wing Yip, and Nelson Mullins Riley & Scarborough LLP acts as U.S. counsel to the underwriters.

Wing Yip intends to allocate IPO proceeds to upgrading and establishing production lines, marketing and product promotion, research and development, and working capital/general corporate purposes.

The SEC declared effective the Form F-1 registration statement (File Number: 333-277694) on November 6, 2024. The offering is made solely via a prospectus included in the registration statement. Prospectuses are available from Dawson James Securities, Inc. at 101 North Federal Highway, Suite 600, Boca Raton, FL 33432, (561) 391-5555, or [email protected]; or from D. Boral Capital LLC, Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, [email protected], (212) 970-5150; or on the SEC website at [website address].

Review the prospectus and SEC filings before investing for complete information on Wing Yip and the offering. This press release is not an offer to sell or a solicitation to buy securities, and no sale is permitted where prohibited by law.

About Wing Yip Food Holdings Group Limited

Wing Yip, a mainland China meat processor, sells products under its flagship “Wing Yip” brand (established in 1915) and the snack brands “Jiangwang” and “Kuangke.” Products are sold through company-owned stores, distributors, and e-commerce platforms in over 18 Chinese provinces. The company processes cured, snack, and frozen meat products and is focused on product development and quality improvement to meet evolving consumer needs. Its ordinary shares have been listed on the Korea Exchange’s KDAQ since 2018.

For more information, visit the company website: [website address]. Website information is not part of this release.

Forward-Looking Statements

This announcement contains forward-looking statements, including those regarding the offering. These statements involve known and unknown risks and uncertainties and are based on the company’s current expectations. Such statements can be identified by words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” etc. Wing Yip assumes no obligation to update forward-looking statements, except as required by law. These statements are subject to uncertainties, including market conditions and the successful completion of the offering. See the “Risk Factors” section of the SEC filing for details. Actual results may differ materially from expectations. Consult the company’s SEC filings ([website address]) for more information.

For more information, please contact:

Wing Yip Food Holdings Group Limited
Investor Relations Department
Email: [email address]

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: [email address]

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