On January 19, 2023, Hoshine Silicon Industry Co., Ltd. closed the transaction. The company issued 108,041,364 shares at an issue price of CNY 64.79 per share for gross proceeds of CNY 6,999,999,974. The company incurred total issuance expenses of CNY 5,779,284.77 and raised net proceeds of CNY 6,994,220,689.23 in the transaction.

The transaction has been approved by the China Securities Regulatory Commission.