On December 27, 2022, Malion New Materials Co., Ltd. closed the transaction. The company issued 68,461,617 shares, par value CNY 1 per share, at an issue price of CNY 6.80 per share for gross proceeds of CNY 465,538,995.60. The transaction included participation from 11 investors.

The company raised CNY 457,549,880.87 after deducting issuance expenses of CNY 7,989,114.73. The transaction has been approved by the China Securities Regulatory Commission.