On July 2, 2021, Guangdong Liantai Environmental Protection Co.,Ltd. closed the transaction. The company issued 134,253,637 shares at a price of CNY 6.17 per share for gross proceeds of CNY 828,344,940.29. The transaction included partiicpation from returning investor Guangdong Liantai Group Co., Ltd. for 40,276,091 shares for gross proceeds of CNY 248,503,481.47, China Asset Management Co., Ltd. for 11,993,517 shares for gross proceeds of CNY 73,999,999.89, Wu Xingyu for 6,482,982 shares for gross proceeds of CNY 39,999,998.94, GF Fund Management Co., Ltd. for 9,238,249 shares for gross proceeds of CNY 56,999,996.33, , Guangdong Hengjian International Investment Co., Ltd. for 12,965,964 shares for gross proceeds of CNY 79,999,997.88, Chen Zefeng for 10,048,622 shares for gross proceeds of CNY 61,999,997.74, Guotai Junan Securities Co., Ltd. for 8,265,802 shares for gross proceeds of CNY 50,999,998.34, Shanghai Shiyu Investment Co., Ltd. for 6,482,982 shares for gross proceeds of CNY 39,999,998.94, Shenzhen Wise Win Asset Management Co., Ltd. for 5,808,992 shares for gross proceeds of CNY 35,841,480.64, returning investor Shenzhen Dinghang Investment Co., Ltd., Gongqingcheng Tianzhong Equity Investment Partnership Enterprise (Limited Partnership), Guoren Property & Casualty Insurance Co.

Ltd., Ke Liqun for 5,672,609 shares each for gross proceeds of CNY 34,999,997.53 each. All the securities have a lock up period of 6 months, only the shares issued to Guangdong Liantai Group Co., Ltd. have a lock up period of 18 months. The company paid CNY 12,682,200.30 for sponsorship and underwriting fee, CNY 122,641.51 for audit, verification fee, CNY 471,698.11 for legal fee, CNY 424,528.30 for information disclosure fee, CNY 181,504.94 for issuance handling fee, CNY 13,882,573.17 for other expenses.