On February 24, 2022, Rising Nonferrous Metals Share Co.,Ltd. closed the transaction. The company issued 34,633,619 shares at an issue price of CNY 40.31 per share for gross proceeds of CNY 1,396,081,181.89. The company has issue expenses of CNY 9,837,724.92 and net proceeds of CNY 1,386,243,456.97.

The transaction included participation from returning investor Guangdong Rising Assets Management Co., Ltd. for 6,946,167 shares and proceeds of CNY 279,999,991.77, Caitong Fund Management Co., Ltd. for 4,927,809 shares and proceeds of CNY 198,639,980.79, China Asset Management Co., Ltd. for 3,200,198 shares and proceeds of CNY 128,999,981.38, Zhang Jianfei for 2,679,235 shares and proceeds of CNY 107,999,962.85, Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) for 2,480,774 shares and proceeds of CNY 99,999,999.94, China Great Wall Securities Co., Ltd. for 2,480,774 shares and proceeds of CNY 99,999,999.94, UBS Group AG for 1,736,541 shares and proceeds of CNY 69,999,967.71, Jinan Hanxiang Investment Management Partnership Enterprise (Limited Partnership) for 1,736,541 shares and proceeds of CNY 69,999,967.71, China International Capital Corporation Limited for 1,364,425 shares and proceeds of CNY 54,999,971.75, Tebon Fund Management Co., Ltd for 1,290,002 shares and proceeds of CNY 51,999,980.62, Nanyue Guangsheng Private Placement Private Equity Investment Fund, a fund managed by Guangzhou Nanyue Aode Equity Investment Fund Management Co., Ltd. for 1,116,348 shares and proceeds of CNY 44,999,987.88, Nuode Asset Management Co., Ltd. for 2,083,850 shares and proceeds of CNY 83,999,993.50, Ruishi Yunqi Private Equity Investment Fund, a fund managed by Hunan Ruishi Private Equity Fund Management Co., Ltd. for 868,270 shares and proceeds of CNY 34,999,963.70, Huatai Asset Management Co., Ltd.-Huatai Youyi No. 5 Hybrid Pension Products for 868,270 shares and proceeds of CNY 34,999,963.70, Zhou Zhicong for 854,415 shares and proceeds of CNY 34,441,468.65. The company has received a capital verification report issued by Zhongxi Certified Public Accountants.