On October 19, 2021, Liaoning Port Co.,Ltd. closed the transaction. The company issued 1,363,636,363 shares at an issue price of CNY 1.54 per share for gross proceeds of CNY 2,099,999,999.02. The transaction involved participation from CCCC Tianjin Dredging Company Limited for CNY 346,000,005.12, Song Chunhua for CNY 29,999,999.26, No.1 Engineering Company Ltd. Of Cccc First Harbor Bureau for CNY 599,999,999.06, Anshan Iron and Steel Group Co.,Ltd for CNY 690,999,998.92, and other investors.

The shares issued in the transaction have a lock up period of six months, post the closing.