On July 27, 2021, SVG Group Co.,Ltd closed the transaction. The company issued 33,613,445 A shares at a price of CNY 23.8 per share for gross proceeds of CNY 799,999,991. The transaction included participation from 9 investors including Shenzhen Capital Group Manufacturing Transformation and Upgrading New Materials Fund (L.P.), a fund managed by Shenzhen Capital Group Hongtu Equity Investment Management (Shenzhen) Co., Ltd. for 13,487,397 shares, Fortune And Royal Asset Management Co.

Ltd for 6,302,521 shares, GTJA Innovation Investment Co., Ltd. for 4,201,680 shares, and individual investor Xu Guoxin for 3,025,210 shares. The company incurred issuance expenses equal to CNY 17,737,371.18 and raised net proceeds of CNY 782,262,619.82, of which CNY 33,613,445 was included in share capital and CNY 748,649,174.82 was included in company's capital reserve.