On December 15, 2021, Guangzhou Development Group Incorporated closed the transaction. The company issued 817,858,967 shares for gross proceeds of CNY 5,258,833,157.81. Of the total amount, CNY 817,858,967 was transferred to share capital, and the balance of RMB 4,420,440,544.62 was transferred to capital reserve.

The transaction included participation from Guangzhou Business Investment Holding Group Co.,Ltd. for CNY 1,993,300,000, Tibet Yiwei Holdings Co., Ltd. for CNY 399,999,999.14, Caitong Fund Management Co., Ltd. for CNY 372,799,999.61, GF Fund Management Co., Ltd. for CNY 307,999,996.38, Shanghai Ying Yade Enterprise Management Partnership (Limited Partnership) for CNY 299,999,996.14, Dajia Asset Management Co., Ltd. through DaJia Life Insurance Co., Ltd.-Universal Products for CNY 299,999,996.14, China Huarong Asset Management Co., Ltd. for CNY 199,999,999.57, Ningbo Hongxu Investment Management Partnership (Limited Partnership), a fund managed by Zheshang Venture Capital Co., Ltd for CNY 199,999,999.57, Cathay Pacific Fund Management Co., Ltd. for CNY 179,999,998.97, DaDa Asset Management Co., Ltd through DaDa Asset-Industrial and Commercial Bank of China for CNY 149,999,998.07, China Galaxy Securities Co., Ltd., Investment Arm for CNY 124,999,997.32, Chen Huolin for CNY 119,999,997.17, Guotai Junan Securities Co., Ltd. for CNY 109,733,196.88, Guosen Securities Co., Ltd. for CNY 99,999,996.57, Jinan Ruihe Investment Partnership (Limited Partnership) for CNY 99,999,996.57, Dongguan Nengtou No. 1 Equity Investment Partnership (Limited Partnership) for CNY 99,999,996.57, GF Securities Co., Ltd. for CNY 99,999,996.57, and Huizhou Yiwei Lithium Energy Co., Ltd. for CNY 99,999,996.57. The company paid underwriting fees and sponsorship fees of CNY 18,522,527.41, accountant fees of CNY 849,056.60, attorney fees of CNY 660,377.37, and securities registration fees of CNY 501,684.81 and received net proceeds of CNY 5,238,299,511.62.

Of the total amount, CNY 817,858,967 was transferred to share capital, and the balance of CNY 4,420,440,544.62 was transferred to capital reserve.