On September 23, 2020, Shandong Lubei Chemical Co., Ltd. (SHSE:600727) closed the transaction. The company has issued 88,691,430 shares at an issue price of CNY 6.19 per share for gross proceeds of CNY 548,999,951.7. The transaction included participation from China Asset Management Co., Ltd., Cathay Pacific Fund Management Co., Ltd., Liaoning Zhongji New Material Venture Capital Partnership Ent. (L.P.), a fund managed by Tianjin Zhongji Puyin Equity Investment Fund Management Co., Ltd., CSC Financial Co., Ltd., Investment Arm, Zhejiang Development Asset Management Co., Ltd., Ningquan Zhiyuan No. 6 Private Securities Investment Fund, Ningquan Zhiyuan No. 7 Private Securities Investment Fund and Ningquan Zhiyuan No.39 Private Securities Investment Fund, funds managed by Shanghai Wealspring Asset Management Co., Ltd., Shanghai Dazheng Investment Ltd., Liuhe Jiarui No. 6 Private Securities Investment Fund, AEGON-Industrial Fund Management Co., Ltd., Pacific Excellence Zhenhui No. 1 Product and China Galaxy Securities Co., Ltd., Investment Arm and individual investors Du Dongyuan, Lin Jintao, Xu Yurong, Liu Yilin, Zhao Hui, Zhang Baoyan, Wang Jianping and Wang Hongtao. The investors subscribed for 5,331,179, 7,269,789, 6,462,035, 10,339,256, 4,846,526, 2,584,814, 2,584,814, 8,077,544, 2,746,365, 2,584,814, 7,108,239, 2,423,263, 1,292,407, 4,200,323, 2,584,814, 3,231,017, 2,584,814, 2,907,915, 2,584,814, 2,746,365 and 4,200,323 shares respectively for the proceeds of CNY 32,999,998.01, CNY 44,999,993.91, CNY 39,999,996.65, CNY 63,999,994.64, CNY 29,999,995.94, CNY 15,999,998.66, CNY 15,999,998.66, CNY 49,999,997.36, CNY 16,999,999.35, CNY 15,999,998.66, CNY 43,999,999.41, CNY 14,999,997.97, CNY 7,999,999.33, CNY 25,999,999.37, CNY 15,999,998.66, CNY 19,999,995.23, CNY 15,999,998.66, CNY 17,999,993.85, CNY 15,999,998.66, CNY 16,999,999.35 and CNY 25,999,999.37 respectively. The shares are subject to hold period of six months.