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DCP announced the completion of an equity investment in COFCO Meat Holdings Limited ("COFCO Meat", or the "Company"). The cooperation between the DCP team and COFCO Meat began in 2014 when the DCP team led an earlier investment into the Company. Through this investment, DCP strengthened its strategic cooperation with COFCO Meat to continue building and upgrading the Company's large-scale, modernized hog farms and meat processing facilities to meet the increasing demand for quality pork products in China.

COFCO Meat is a Hong Kong-listed subsidiary of COFCO Group. It is a rapidly growing hog/pork company in China with a vertically integrated business model operating across the entire industry value chain, including hog production and slaughtering as well as the production, distribution and sale of fresh pork and processed meat products. COFCO Meat is one of the first enterprises in China to adopt large-scale hog farming and one of the leading hog producers in China focused on providing safe and high-quality meat products to consumers. COFCO Meat markets its fresh meat and branded processed meat products under two core brands - Joycome and Maverick.

China is the largest pork market in the world; its pork production and consumption both account for approximately 50% of the global market. At the same time, China's hog production industry is transitioning from a small-scale, fragmented farming model towards a model based on large-scale integrated operations. This model improves production efficiency, disease control, food safety and sustainability. As one of China's pioneering integrated pork producers, COFCO Meat is well positioned to benefit from the consolidation trend.

Jiang Guojin, Chairman of COFCO Meat, said: "We are uniquely positioned to benefit from the macro tailwind in China's pork industry, which will see the market move towards large-scale hog farms and increasing consumer demand for high-quality and safe food. The DCP team has been our trusted partner for many years, and we are delighted to welcome them again as our strategic investor. Through this strategic partnership, we hope the DCP team will once again contribute their operational expertise to help COFCO Meat further strengthen its market leadership, and to meet Chinese consumers' strong demand for safe and healthy pork products."

The DCP team has always been focused on investing in leading domestic companies that are modernizing the agricultural sector. In addition to providing long term capital, the DCP team actively leverages its industry expertise to introduce globally advanced breeding technologies as well as operational improvement strategies to help its portfolio companies grow and achieve market leadership position.

Julian Wolhardt, CEO of DCP Capital, said: "We have been working together with COFCO Meat for many years, aiming to improve safety and quality of China's pork products. COFCO Meat has accomplished impressive achievements over the last few years and has maintained its market leadership position. We believe COFCO Meat is an excellent partner for us and we are honored to work with them again. We look forward to fully utilizing DCP's experience and expertise in modern agriculture investments to assist COFCO Meat in reaching its next stage of development, supplying safe and high-quality food to Chinese consumers."

About COFCO & COFCO Meat:

Founded in 1949, COFCO is one of the 53 state-owned enterprises directly managed by the central government. It has been a Fortune 500 company for several years and is the top company in China's food industry. COFCO is a leading supplier of agri-products with grain, oil, sugar and cotton forming the core business, covering rice, wheat, corn, oil and oilseeds, sugar, cotton and other crop products as well as biofuel. Its business scope ranges from food to financial services and real estate. COFCO is a leading enterprise in China, the world's largest developing economy, and is well positioned to become a leading international agribusiness leveraging its unique advantages in global footprint, industry value chain integration and agricultural innovation.

Founded in 2009, COFCO Meat is a subsidiary of COFCO Group. Its businesses include feed production, hog production, and slaughtering, as well as the production, distribution and sale of fresh pork and processed meat products. The Company also engages in the import and sale of frozen meat products. COFCO Meat is dedicated to providing safe and healthy meat products to consumers and customers. Its vertically integrated business model and strict food safety control system helps the Company to closely monitor production procedures to ensure food safety.