On December 22, 2016, the company closed the transaction. The company received the capital verification report for the total proceeds of CNY 600,000,000. The company incurred issuance expenses of CNY 10,768,663.55 in the transaction.

The transaction saw participation from Fujian Zhanglong Group Co., Ltd for 71,556,351 shares and Beijing Originwater Technology Co., Ltd. for 35,778,175 shares. The new shares issued cannot be transferred within 36 months from the new share listing date, and can be traded on January 6, 2020.