On January 5, 2021, China Oil HBP Science & Technology Co., Ltd (SZSE:002554) closed the transaction. The company issued 299,783,772 shares at an issue price of CNY 2.33 per share for gross proceeds of CNY 698,496,188.76. Post the closing, the returning investor Changsha Water Group Co.,Ltd.'s shares will increase from 107,275,951 shares to 407,059,723 shares and the stake will increase from 10.02% to 29.70%.