On May 26, 2020, Daqian Ecology&Environment Group Co.,Ltd. (SHSE:603955) closed the transaction. The company has raised CNY 304,465,200 in the transaction through the issuance of 22,620,000 shares at a price of CNY 13.46. The company incurred issue expenses of CNY 5,273,205.66 and received net proceeds of CNY 299,191,994.3. Of the total, CNY 22,620,000 will be included in the paid-in share capital and CNY 276,571,994.34 will be included in the capital reserve. The transaction included participation from Nanjing AnJu Construction Group Co., Ltd, who subscribed for 11,887,072 shares for proceeds of CNY 159,999,989.12; Shanghai Dazheng Investment Ltd. who subscribed for 742,942 shares for proceeds of CNY 9,999,999.32; Zking Property & Casualty Insurance Co., Ltd. who subscribed for 2,228,826 shares for proceeds of CNY 29,999,997.96; AEGON-Industrial Fund Management Co., Ltd. who subscribed for 3,534,857 shares for proceeds of CNY 47,579,175.22 through Industrial Bank Co., Ltd.-Xing's new vision flexible configuration and regular opening of hybrid initiating securities investment funds, 3,534,857 shares for proceeds of CNY 47,579,175.22 through Industrial Bank Co., Ltd.-Xingquan Trend Investment Hybrid Securities Investment Fund, 141,112 shares for proceeds of CNY 1,899,367.52 through Industrial and Commercial Bank of China Limited-Xingquan Hengyi Bond Securities Investment Fund, 211,668 shares for proceeds of CNY 2,849,051.28 through Industrial and Commercial Bank of China Co., Ltd.-Xingquan preferred aggressive three-month holding fund-in-fund (FOF), 105,834 shares for proceeds of CNY 1,424,525.64 through China Merchants Bank Co., Ltd.-Xingquan Antai Balanced Pension Target Three-year Holding Period Mixed Fund Fund, 77,611 shares for proceeds of CNY 1,044,644.06 through Xingquan Fund-Yingshanhong Xingxiang enjoys 90 days of RMB financial management-Xingquan-Huaxing Bank No. 2 FOF Single Asset Management Plan, 42,333 shares for proceeds of CNY 569,802.18 through Xingzheng Global Fund-Industrial Bank-Xingquan-Zhanhong Specific Strategy No. 1 Collective Asset Management Plan, 70,556 shares for proceeds of CNY 949,683.76 though Xingquan Fund-Everbright Bank-Xingquan-Anxin Securities Multi-Strategy No. 1 Specific Customer Asset Management Plan, 21,166 shares for proceeds of CNY 284,894.36 through Xingquan Fund—China Merchants Bank—Xingquanjinxuan No. 5 Collective Asset Management Plan, and 21,166 shares for proceeds of CNY 284,894.36 through Xingquan Fund-Industrial Bank-Xingquan Specific Strategy No. 52 Collective Asset Management Plan.