On March 18, 2024, Hunan Silver Co.,Ltd closed the transaction. The company will now issue 131,760,917 shares at a issue price of CNY 2.29 per share for gross proceeds of CNY 301,732,499.93. The transaction has been approved in the 16th meeting of the 5th board of directors, the 10th meeting of the 1st board of directors of Nonferrous Metals Group, the 25th meeting of the 5th board of directors of Gold Group and by the competent state-owned assets supervision and administration agency.

The company has paid Issuance registration fees of CNY 124,302.75 and net proceeds is CNY 301,608,197.18. The investor owns 420,965,219 shares for 14.91% stake in the company.