On October 20, 2022, Anhui Estone Materials Technology Co.,Ltd closed the transaction. The company amended the terms of the transaction. The company has issued 17,610,850 A shares at an issue price of CNY 54 per share for gross proceeds of CNY 950,985,900 in the transaction.

The company has paid issuance expenses of CNY 21,181,198.79, and actual net amount of funds raised is CNY 929,804,701.21, of which CNY 17,610,850.00 was included in the share capital and CNY 912,193,851.21 included in the capital reserve. The transaction included participation from Caitong Fund Management Co., Ltd., for 3,814,814 shares, for proceeds of CNY 205,999,956, China Asset Management Co., Ltd. for 2,962,962 shares, for proceeds of CNY 159,999,948, Nuode Asset Management Co., Ltd. for 1,518,518 shares, for proceeds of CNY 81,999,972, and other investors.