On August 23, 2023, Anhui Zhongyuan New Materials Co., Ltd. closed the transaction. The company now issued 73,147,200 A shares at an issue price of CNY 9.92 per share for the gross proceeds of CNY 725,620,224. The company has paid the issue expenses of CNY 8,179,543.89.

The transaction included participation from new investors Tianan Life Insurance Company Limited of China - Tianan Life Insurance Company Limited of China -dividend products for 4,536,290 shares for CNY 44,999,996.80, Sun Maolin for 2,116,935 shares for CNY 20,999,995.20, Zhixing Lita Private Fund Management (Beijing) Co., Ltd. - Zhixing Lita Rongyou Radical Issue 1 Private Securities Investment Fund for 2,116,935 shares for CNY 20,999,995.20, Shanghai Bansheng Private Fund Management Co., Ltd. - Bansheng Optimal No. 2 Private Equity Securities Investment Fund for 2,741,935 shares for CNY 27,199,995.20, Goldtrust Futures Co., Ltd. ? Goldtrust Jinfu Dingzeng number 1 unit asset management plan for 2,116,935 shares for CNY 20,999,995.20, Guangdong Zhenyuan Private Equity Fund Management Co., Ltd. - Guangdong Zhenyuan Private Equity Fund Management Co., Ltd. - Guangdong Zhenyuan Fund-Dingzhen No.

1 Private Securities Investment Fund for 2,116,935 shares for CNY 20,999,995.20, Chen Beiwen for 2,419,354 shares for CNY 23,999,991.68, Caitong Fund Management Co., Ltd. for 14,054,467 shares for CNY 139,420,312.64, Huatai Asset Management Co., Ltd.- Huatai Youyi stock-specific pension products-Agricultural Bank of China Limited for 3,024,193 shares for CNY 29,999,994.56, Huatai Asset Management Co., Ltd.-Huatai Asset Management-Industrial and Commercial Bank of China Limited -Huatai Assets Wenying Growth Return Asset Management Products for 2,116,935 shares for CNY 20,999,995.20, Huatai Asset Management Co., Ltd.-Huatai Asset Management-Guangzhou Rural Commercial Bank-Huatai Asset Value Preferred Asset Management Products for 2,116,935 shares for CNY 20,999,995.20, Huatai Asset Management Co., Ltd.-Huatai Asset Management-Industrial Bank-Huatai Assets Wenying Growth Return Asset Management Products for 2,116,935 shares for CNY 20,999,995.20, Hainan Zongguan Private Fund Management Co., Ltd. - Zongguan Selected No. 9 Private Securities Investment Fund for 3,024,193 shares for CNY 29,999,994.56, Yang Jia?an 5,040,322 49,999,994.24, Wuhu Jiangrui Investment Management Co., Ltd. for 2,520,161 shares for CNY 24,999,997.12 , Anhui Shanhai No. 1 Enterprise Management Center (Limited Partnership) for 3,024,193 shares for CNY 29,999,994.56 and CITIC Securities Company Limited for 2,217,741 shares for CNY 21,999,990.72.