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HTFL’s Client Univest Securities, LLC Successfully Closed Huadi International Group Co., Ltd.’s Registered Direct Offering

November 10, 2022

Ying Li

Guillaume de Sampigny

Huadi International Group Co., Ltd. (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, on November 9, 2022 announced the closing of its previously announced registered direct offering with two institutional investors, raising approximately US$25 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses.

The offering consists of the sale of 1 million ordinary shares in a registered direct offering, at a purchase price of $25.00 per ordinary share. The offering of the ordinary shares described above was made pursuant to an effective “shelf” registration statement on Form F-3 (File No. 333-265882), previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 28, 2022, and declared effective on October 21, 2022. The offering was made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus related to the offering may be obtained at the SEC’s website located at http://www.sec.gov.

Univest Securities, LLC acted as the placement agent for this offering. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the placement agent. HTFL 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.