INVESTORS BUY 10.3% STAKE IN CHINA MINZHONG



(“Olympus”) helps alleviate “share overhang” on the Company.Takeover of shares from private equity shareholder Olympus Capital Holdings Asia

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placement.Management shows support by increasing personal stakes through the vendor shares

Singapore, 07 December 2012

有 限 公 司

today announces the purchase of 57,231,618 shares (approximately 10.3% of the total issued

share capital of the Company) by institutional funds and high net worth investors (“HNWIs”)

through a vendor shares placement from Olympus Capital Holdings Asia (“Olympus”) - a

private equity fund, at a placement price of S$0.80 per share.

Olympus invested in China Minzhong since 2006 and has been supportive of the Group’s

developments over the past 6 years. However, given the closed end nature of private equity

funds, it is a natural progression for private equity firms to liquidate their investments post IPO

and return capital to their investors. The placement has also helped alleviate the “share

overhang” issue on the Company and brought in new institutional and HNWI shareholders for

the Company’s net phase of growth.

Commenting on this, the Group’s Executive Chairman Mr. Lin Guo Rong (

will like to extend our appreciation to Olympus, whose past investment was critical to the

establishment of our Sichuan and Shanghai subsidiaries as well as the ramp-up of our– China Minzhong Food Corporation Limited (中 国 闽 中 食 品 ) (“China Minzhong” or “Company”) (SGX: K2N.SI Bloomberg quote: MINZ SP),林 国 荣 ) said, “We

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champignon mushrooms business. Today, we are pleased to be one of the top exporters of

champignon mushrooms in PRC. We will also like to specially thank Olympus for its valuable

guidance and strategic advice to the Company over the years. Our senior management team

has also taken the opportunity of this placement exercise to increase our shareholdings as a

vote of confidence in China Minzhong’s future prospects.”

For the 1

in its 1QFY2013 net profit to RMB121.6 million, on the back of a 69.7% rise in revenue to

INVESTORS BUY 10.3% STAKE IN CHINA MINZHONG



(“Olympus”) helps alleviate “share overhang” on the Company.Takeover of shares from private equity shareholder Olympus Capital Holdings Asia