HTFL’s Client EF Hutton, division of Benchmark Investments, LLC Successfully Closed YanGuFang International Group Co., Ltd.’s Initial Public Offering

March 30, 2023

Louis Taubman

Guillaume de Sampigny

YanGuFang International Group Co., Ltd., a Cayman Islands exempted company, announced today the closing of its initial public offering and the sale of 2,000,000 ordinary shares, at a purchase price of $4.00 per share, for aggregate gross proceeds of approximately $8,000,000.

EF Hutton, division of Benchmark Investments, LLC acted as the representative of the underwriters of the offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to EF Hutton, division of Benchmark Investments, LLC.

Hunter Taubman Fischer & Li LLC is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.