Wing Yip Food Holdings Group Limited (Wing Yip) (Nasdaq: WYHG), a Chinese meat processor, completed its initial public offering (IPO) on November 27, 2024. The IPO involved 2,050,000 American Depositary Shares (ADSs) priced at US$4.00 per ADS, each representing one ordinary share. The offering, conducted on a firm commitment basis, saw the ADSs begin trading on the Nasdaq Capital Market on November 26, 2024, under the ticker symbol “WYHG”.

Wing Yip generated US$8.20 million in gross proceeds from the IPO, before accounting for underwriting discounts and expenses. The underwriters also hold a 45-day option to purchase up to an additional 307,500 ADSs at the IPO price, less underwriting discounts.

Dawson James Securities, Inc. and D. Boral Capital LLC served as underwriters. Hunter Taubman Fischer & Li LLC provided U.S. securities counsel to Wing Yip, while Nelson Mullins Riley & Scarborough LLP acted as U.S. counsel to the underwriters.

Wing Yip plans to use the IPO proceeds for upgrading and establishing production lines, marketing and product promotion, research and development of new products, and working capital and general corporate purposes.

The IPO was detailed in a registration statement (Form F-1, File Number: 333-277694) filed with and declared effective by the U.S. Securities and Exchange Commission (SEC) on November 6, 2024. Prospectuses are available from Dawson James Securities, Inc. (101 North Federal Highway, Suite 600, Boca Raton, FL 33432; (561) 391-5555; or ), D. Boral Capital LLC (Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022; syndicate@dboralcapital.com; (212) 970-5150), or the SEC’s website.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities. No sales will occur in jurisdictions where prohibited.

About Wing Yip Food Holdings Group Limited

Wing Yip is a mainland China-based meat processor. Operating through subsidiaries, it sells products under its flagship “Wing Yip” brand (established in 1915) and the snack brands “Jiangwang” and “Kuangke”. Distribution spans over 18 Chinese provinces via self-operated stores, distributors, and e-commerce platforms. The company processes cured meats, snacks, and frozen meats. Wing Yip prioritizes product development and improvement to meet evolving consumer preferences. Its ordinary shares have been listed on the Korea Exchange’s KRX since 2018.

More information is available at the company website: (website information is not part of this press release).

Forward-Looking Statements

This announcement contains forward-looking statements involving risks and uncertainties. These statements are based on current expectations and projections about future events that may impact Wing Yip’s financial condition, results, strategy, and needs. Such statements, often including words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or similar, are not guarantees. Wing Yip disclaims any obligation to update forward-looking statements unless legally required. These statements are subject to uncertainties, including market conditions, and other factors detailed in the “Risk Factors” section of the Registration Statement filed with the SEC. Actual results may differ materially. Please refer to Wing Yip’s Registration Statement and other SEC filings at for more information.

For more information, please contact:

Wing Yip Food Holdings Group Limited
Investor Relations Department
Email:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: