Dentons China advises YouYou Foods on Shanghai Stock Exchange Main Board listing

On May 8, 2019, YouYou Foods Co., Ltd. (stock name: YouYou Foods, stock code: 603697) was successfully listed on the main board of the Shanghai Stock Exchange. The issue price was RMB 7.87, the total number of issued shares is 79,500,000, and the total funds raised is RMB 630 million.

A Dentons Shanghai team, consisting of Senior Partners Fan Xingcheng and Huang Xiamin, associates Lin Chen and Gao Jiaping, and paralegal Liu Yang, provided efficient and quality legal services for YouYou Foods. The team advised on due diligence, restructuring, regulation, filings, NEEQ delisting, feedback, and listing reviews by the China Securities Regulatory Commission, successfully resolving many legal issues for NEEQ-listed companies to get listed on the A-share market. Their professional competence won highly recognition of the issuer and other participating agencies.

Founded in 2007, YouYou Foods specializes in the research, development and sales of snack foods. Its main products include pickled chicken feet, marinated turkey wings, soy products, peanuts and bamboo shoots. After years of development, it has become one of the leading suppliers of pickled and marinated snack foods in China, and has particular brand awareness in the picked chicken feet market.

The funds raised in YouYou Foods' IPO will be mainly used for: 1. the construction of its industrial park; 2. building its marketing network and brand promotion. These initiatives will further enhance the company's market competitiveness and profitability.