On February 1, 2021, Baoji Titanium Industry Co., Ltd. (SHSE:600456) closed the transaction. The company has issued 47,511,839 A shares at a price of CNY 42.20 per share for gross proceeds of CNY 2,004,999,605.80 in the transaction. The transaction included participation from New China Asset Management Co., Ltd. for 9,336,492 shares for CNY 393,999,962.40, Sunshine Asset Management Co., Ltd. for 1,445,497 shares for CNY 60,999,973.40, new investor China Huarong Asset Management Co., Ltd. (SEHK:2799) for 9,454,976 shares for CNY 398,999,987.20 to acquire 1.98% stake, Fullgoal Fund Management Co., Ltd. for 4,123,222 shares for CNY 173,999,968.40, Changan Huitong Investment Management Co., Ltd. for 1,445,497 shares for CNY 60,999,973.40, Shenzhen Capital Group Co., Ltd. for 1,421,800 shares for CNY 59,999,960, CITIC Securities Company Limited (SHSE:600030) for 1,421,800 shares for CNY 59,999,960, Yinhua Fund Management Co.

Ltd. for 4,383,886 shares for184,999,989.20, Bank of Communications Schroder Fund Management Co., Ltd. for 2,843,601 shares for CNY 119,999,962.20, AEGON-Industrial Fund Management Co., Ltd. for 4,810,426 shares for CNY 202,999,977.20, Shanghai Orient Securities Asset Management Co., Ltd. for 3,981,042 shares for CNY 167,999,972.40, Zhang Baoxiang for 1,421,800 shares for 59,999,960, and existing investor Yang Yibin for 1,421,800 shares for 59,999,960 to hold 0.69% stake. The company has incurred issue fees of CNY 36,570,748 and received net proceeds of CNY 1,968,428,857.80 in the transaction, out of which CNY 47,511,839 was added as registered capital and CNY 1,920,917,018.80 added as capital reserve. The registration procedures were completed at China Securities Depository and Clearing Co., Ltd.