On May 14, 2021, HPF Co.,Ltd (SZSE:300350) closed the transaction. BDO China SHU LUN PAN Certified Public Accountants LLP issued the capital verification report. The company issued 85,287,846 shares at a price of CNY 4.69 per share for gross proceeds of CNY ?399,999,998?. The company paid issuance fees of CNY 10,464,150.90. The transaction includes participation from Li Tianhong for 4,285,714 shares, Zhao Jianguang for 5,330,490 shares, Huang Shan for 24,520,255 shares, Liu Yandong for 26,652,452 shares,Lin Shuqin for 10,660,980, and Wu Jianke for13,837,955 shares.