Hubei JuneYao Health Beverage Co., Ltd. goes publictoday on the Shanghai Stock Exchange with the stock code of 605388, and the stock is referred to as JuneYao Health for short. This company becomes the first newly-listed company in Hubei province after the epidemic and the second IPO enterprise after Heyuan Gas in Yichang this year, which also fufills thezero breakthrough for local listed companies in Yiling District. Zheng Gangmiao,member of the Standing Committee of Shanghai Municipal Committee and minister of the United Front Work Departmentand Zhou Ji, member of the Standing Committee of Hubei Provincial Committee and secretary of the Yichang Municipal Party Committee attend the listing ceremony, according to a Shanghai special dispatch of the Three Gorges Daily on August 18. (Accredited correspondent, Lei Pengcheng)

　　JuneYao Health issues70 million shares through IPO, with a price of 13.43 yuan per share. Most of the funds raised will be used for the project of normal temperature fermented milk drinks with an annual production of 100,000 tons and the project of Sci-Tech innovation centerin the Yichang Industrial Base of Hubei Province, and some will be used for the extension project of normal temperature fermented milk drinks with an annual production of 100,000 tons in Quzhou Industrial Base of Zhejiang Province to continuously enrich the type of products, optimizethe structure of products and alleviate the pressure of production capacity.

　　JuneYao Health, as a food and beverage manufacturer, mainly operates the R＆D, production and sales of normal temperature lactobacillus beverage in milk drinks. Founded in the 1990s and headquartered in Yichang, the original JuneYao Group Dairy Co., Ltd. was set up in response to the call of national “Pairing Support for the Three Gorges”. JuneYao Health, rooted in Yichang, has been rapidly developing for more than 20 years. By the end of 2019, JuneYao Health achieved the market share of 15.1% in the domestic sales of normal temperature lactobacillus beverage market via retail sales.

　　“The entrancetothe capital market injects the power of capital for JuneYao Health. We will take the listingas an opportunity to continue to strenuously promote the smooth implementation of fundraising projects, do a good job in the R＆D of products, strengthenbrand building, expand the layout of businesses,anddevelop sales channels. Meanwhile, we will be committed to providingmore products for the market and create excellent business performance to return the favor of general investors”, saidWang Junhao, the chairman of Hubei JuneYao Health Beverage Co., Ltd.

　　“At the significant moment of 30th Anniversary of JuneYao Group, the fourth listed company marks an important milestone in our entrepreneurial journey. The successful listing of JuneYao Health relies on thestrong support fromHubei provincial government and Yichang municipal government, and we will always keep in mind.” Wang Junjin, the chairman of JuneYao Group, said that becoming a listed company also means more responsibility, and especially JuneYao Health, as a leading enterprise in the big health sector of JuneYao Group, will practically shoulder the social responsibility and always take the food safety seriously to better meet the growing health need of the market.

　　Itissaid that JuneYao Health started planning to go public in May 2017. With the joint efforts of the enterprise, party committeesand governments at all levels and financial authorities, the listing proceeding of JuneYao Health enjoyscontinual acceleration. Yichang seizedthe opportunity of a package of policies to support Hubei’s development in May 2020, especially the opportunity of listing “Green Channel” for Hubei enterprises after the epidemic, actively cooperatedwith the Securities Regulatory Commission,sparedno efforts to prepare forthe listing of the enterprise, submittedan listing application for the enterprisein May and finally achieved the listing.

　　The reporter was informed that that since 2019, Yichanghas successively added 3 IPO enterprises. To give full play to the modeleffects of these enterprises and guide more enterprises to set up the conceptof realizing rapiddevelopment with the help of capital market, a three-year action plan for the listing of enterprises throughout the cityhas been formulated and an incubator for standbyenterprises to go public has been establishedin Yichang. Yichang strives to achieve the substantial growth of the number of listed companies within three years by means of handling in a holistic way between domestic and foreign, exchange-traded and over-the-counter capital markets, and attaching equal importance to nurturing and attracting capital.

　　Someleaders of Yichang, Luo Lianfeng, Wang Yinghua,andWang Yuancheng,have attended the listing ceremony.