On April 19, 2022, Hainan Development Holdings Nanhai Co., Ltd. closed the transaction. The company incurred issuance expenses of sponsorship & underwriting for CNY 11,320,754.72, legal for CNY 1,139,690.64, audit & capital verification for CNY 193,396.22, and registration for CNY 39,064.15 and raised net proceeds of CNY 587,307,087.10 in the transaction. Hainan Development Holdings Co.,Ltd subscribed to all shares, and increased its holdings from 217,934,203 shares, 27.12%, to 259,342,070 shares, 30.69% stake.