On September 10, 2020, Guizhou Chanhen Chemical Corporation (SZSE:002895) closed the transaction. The company issued 80,002,000 shares at a price of CNY 11.37 per share for gross proceeds of CNY 909,622,740 in the transaction. The transaction included participation from China Asset Management Co., Ltd. for 20,640,000 shares, Caitong Fund Management Co., Ltd. for 12,750,000 shares, Shanghai Chitai Asset Management Co., Ltd. for 10,270,000 shares, Soochow Fund Management Co., Ltd. a fund managed by Soochow Asset Management Co., Ltd. for 4,430,000 shares, JT Assets Management Co., Ltd.for 4,200,000 shares, Hangzhou City Investment Property Management Group Co., Ltd. for 4,180,000 shares, Huaxi Yinfeng Investment Co., Ltd. for 3,912,000 shares, Guotai Asset Management Co., Ltd. for 2,610,000 shares, Xia Shiyong for 2,580,000 shares, Truvalue Asset Management Co.,Ltd. for 2,580,000 shares, Chuanjiang Investment Co., Ltd. for 2,500,000 shares, Huarong Securities Co., Ltd. for 2,450,000 shares, Cao Lewu for 2,300,000 shares, Huatai Securities (Shanghai) Asset Management Co., Ltd. for 2,300,000 shares and CSC Financial Co., Ltd. (SEHK:6066) for 2,300,000 shares.

The shares issued in transaction shall not be transferred within 6 months from the end of the issuance. The company paid a placement agent fee of CNY 17,649,669.12 to Guosen Securities Co., Ltd. (SZSE:002736).