On June 29, 2021, Anhui Gujing Distillery Co., Ltd. closed the transaction. The company issued 25,000,000 shares at a price of CNY 200 per share for gross proceeds of CNY 5,000,000,000. The transaction included participation from 13 investors, JPMorgan Chase Bank, National Association for CNY 150,000,000, Guotai Junan Securities Co., Ltd. for CNY 225,000,000, E Fund Management Co., Ltd. for CNY 2,550,000,000, Caitong Fund Management Co., Ltd. for CNY 226,000,000, Beijing Jiamu Taiping Fund Management Co., Ltd. for CNY 150,000,000, Wells Fargo Fund Management Co., Ltd. for CNY 255,000,000, Huatai Securities Co., Ltd., Investment Arm for CNY 155,000,000, Huatai Securities (Shanghai) Asset Management Co., Ltd. for CNY 150,000,000, ICBC Credit Suisse Fund Management Co., Ltd. for CNY 430,000,000, Morgan Stanley & Co.

International plc for CNY 150,000,000, China Life Insurance Assets Management Co. Ltd. for CNY 150,000,000, China Merchants Fund Management Co.,Ltd. for CNY 400,000,000, China Universal Fund Management Co., Ltd. for CNY 9,000,000. The company paid expenses of CNY 45,657,925.15, the actual net proceeds raised are CNY 4,954,342,974.85, of which CNY 25,000,000 is included in the paid-in share capital, which is included in the capital reserve CNY 4,929,342,074.85.

The transaction is subject to transfer restrictions of 6 months from the first day of listing of the shares.