On March 22, 2023, DeHua TB New Decoration Material Co.,Ltd closed the transaction. The company issued 71,428,571 shares at an issue price of CNY 6.530 per share for gross proceeds of CNY 459,804,693.840. The transaction included participation from returning investor, Dehua Group Holding Co., Ltd. for 71,428,571 shares.

The company incurred issuance fees of CNY 6,623,874.790.