Group 1 - COFCO Fortune Land Co., Ltd. has disclosed its progress report on the guidance for its initial public offering (IPO), with CICC serving as the advisory institution [2] - The IPO guidance period is set from April 2025 to June 2025, following the initiation of the IPO process on July 28, 2021 [2] - During this guidance period, the company held its second board meeting and annual shareholders' meeting, where key resolutions were passed, including the election of Xu Guanghong as chairman and the appointment of Li Dan as an independent director [2] Group 2 - COFCO Fortune Land was established in November 2020 and specializes in grain blended oil products, engaging in food production, processing, brand sales, and global agricultural supply chain operations [4] - The company has a registered capital of 3.095 billion yuan and its legal representative is Xu Guanghong [4] - On February 1, 2023, COFCO Fortune Land raised 21 billion yuan by introducing strategic investors, including various domestic and international investment institutions [4] Group 3 - Among the strategic investors, China COSCO Shipping Corporation invested 5.5 billion yuan for 180 million shares, representing approximately 5.81% of the total share capital post-transaction [5] - Following this investment, COFCO Fortune Land's post-investment valuation reached approximately 94.664 billion yuan [5] - After the capital increase, COFCO Group and its shareholders will hold about 69.83% of the shares, while China COSCO Shipping will hold approximately 5.81%, and other shareholders will collectively hold about 24.36% [7]