On April 20, 2020, Bank of Nanjing Co., Ltd. (SHSE:601009) closed the transaction. The company has issued 1,524,809,049 shares at a price of CNY 7.62 per share for gross proceeds of CNY 11,619,044,953.38 in the transaction. The company has incurred issuance costs of CNY 47,058,944.25 and received net proceeds of CNY 11,571,986,009.13 in the transaction. The registration of new shares and the procedures for restricted sales at the Shanghai Branch of China Securities Depository and Clearing Corporation has been completed.