According to the latest news from media outlet 36Kr, Fujian Frozen Goods Online Network Technology Co., Ltd. ("FG Online" or "Frozen Goods Online"), a one-stop cold chain food supply chain service provider from Fuzhou, Fujian Province, has completed a hundred-million-yuan Series C strategic financing. Frozen Goods Online announced at the China Prepared Food Industry Capital Summit on August 20, 2023 that it had officially launched its listing plan, with an expected listing on the US capital market in June 2024, and also announced the launch of pre-IPO financing. This round of financing is said to have raised over 120 million yuan. Earlier reports stated that Frozen Goods Online planned to go public via a SPAC company, and was expected to list on the Nasdaq as early as the first quarter of 2023, with an estimated valuation of 1 billion US dollars. Founded on August 18, 2015, Frozen Goods Online is a B2B e-commerce platform focusing on the frozen food supply chain, which specifically provides frozen food, prepared food and supply chain services for small food business owners (small and medium-sized restaurants, community convenience stores, farmers' markets, etc.). At present, its business has covered more than 10 cities in China, with about 1,000 upstream suppliers, more than 400,000 downstream restaurants and food business owners, serving nearly 100 million consumers every month. Frozen Goods Online has gone through several rounds of financing, and its investors include Chuangyebang Angel Investment, Longling Capital, Shunwei Capital, Huixin Capital, Innovation Works, Xiamen Venture Capital, Xiongnu Fund, etc. Lin Zhiyong, founder of Frozen Goods Online, was born in 1981 and is from Putian, Fujian Province. He successively graduated from the Business Administration major of Hangzhou Dianzi University and obtained EMBA from the School of Economics and Management of Tsinghua University, and once worked for Ting Hsin International Group, PepsiCo, Haixin Food and other enterprises. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same actual controller and are managed under the same China-based management system, and both comply with the laws of Hong Kong and mainland China.