On July 5, 2021, Zhangjiagang Guangda Special Material Co., Ltd. closed the transaction. The company issued 49,440,000 shares at a price of CNY 26.56 per share for gross proceeds of CNY 1,313,126,400 in the transaction. The transaction included participation from 15 investors including China Asset Management Co., Ltd. for CNY 51,792,000, China Industrial Securities Global Fund Management Co., Ltd. for CNY 259,284,032 and Guangdong Tianchuang Private Equity Securities Investment Fund Management Co., Ltd. for CNY 135,456,000. The company received net proceeds of CNY 1,287,370,060.68 in the transaction.