Zhengye Biotechnology Holding Limited Announces Full Exercise of Underwriters' Over-Allotment Option

Biotechnology Holding Limited Announces Full Exercise of Underwriters' Over-Allotment Option

China, January 14, 2025 (GLOBE NEWSWIRE) -- Zhengye Biotechnology Holding Limited (Nasdaq: ZYBT) (the "Company" or "Zhengye"),

a veterinary vaccine manufacturer that encompasses research, development, manufacturing, and sales of veterinary vaccines, with a focus

on livestock vaccine in China, today announced that the underwriter of its initial public offering (the "Offering") have exercised

in full their option to purchase an additional 225,000 ordinary shares at a public offering price of $4.00 per ordinary share to cover

over-allotments. Gross proceeds of the Company's initial public offering, including the exercise of the over-allotment, totaled $6.9

million, before deducting underwriting discounts and other related expenses. The ordinary shares began trading on the Nasdaq Capital

Market on January 7, 2025 under the ticker symbol "ZYBT."

from the Offering will be used for acquiring vaccine production companies and conducting R&D projects.

Capital Partners, LLC ("Kingswood") acted as the sole book-running manager for the Offering. Hunter Taubman Fischer & Li

LLC acted as U.S. securities counsel to the Company, and VCL Law LLP acted as U.S. counsel to Kingswood in connection with the Offering.

registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC")

(File Number: 333-276436) and was declared effective by the SEC on December 20, 2024. The Offering was made only by means of a prospectus,

forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Kingswood, Attn:

Tower 56, 126 E. 56th Street, Suite 22S, New York, NY 10022, or by telephone at +1-732-910-9692. In addition, a copy of the prospectus

relating to the Offering may be obtained via the SEC's website at www.sec.gov.

press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall

there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation

or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Zhengye Biotechnology Holding Limited

Jilin Zhengye Biological Products Co., Ltd., the Company's operating entity based in Jilin, China, Zhengye Biotechnology Holding

Limited focuses on the research, development, manufacturing and sales of veterinary vaccines, with an emphasis on vaccines for livestock.

For over 20 years, the operating entity has been committed to enhancing the health of animals. The operating entity has 44 veterinary

vaccines, including vaccines for swine, cattle, goats, sheep, poultry, and dogs. The operating entity's products are available

in 28 provincial regions across China and are exported overseas to Vietnam, Pakistan, and Egypt. The operating entity has three GMP veterinary

vaccine production floors, including 13 GMP vaccine production lines, one quality examination center, and one animal facility for vaccine

development. The operating entity has 49 employees who have over a decade of experience in the veterinary vaccine industry. For more

information, please visit the Company's website: http://ir.jlzybio.com.

statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and

uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect

its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these

statements by the use of words such as "approximates," "believes," "hopes," "expects,"

"anticipates," "estimates," "projects," "intends," "plans," "will,"

"would," "should," "could," "may" or other similar expressions in this prospectus. The

Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or

circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations

expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct,

and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to

review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

more information, please contact:

Biotechnology Holding Limited

Relations Department

Investor Relations LLC