On 24 August, the application filed by Sichuan Teway Food Group Co., Ltd. (“Teway”, 603317.SH) for non-public issue of A-shares was passed and approved by the Issuance and Examination Committee of China Securities Regulatory Commission.  The company intends to raise no more than RMB 1,630,000,000 by issuing a limited number of 100,000,000 shares to expand its production base.

Teway, established in March 2007, successfully listed on the main board of Shanghai Stock Exchange.  Since its establishment, the company has been specializing in the development, production and sale of various condiments, and now has grown into a large enterprise producing compound condiments in Sichuan Province.

Grandall Chengdu Office has been retained as the legal counsel for the project with Mr. LIU Xiaojin, Mr. LI We and Ms. CHEN Hong being key lawyers servicing the case.