On November 3, 2023, Gansu Engineering Consulting Group Co., Ltd. closed the transaction. The company issued 88,578,088 shares an issuance price of CNY 8.58 per share for the gross proceeds of CNY 759,999,995.04. The company has disclosed the issue expenses of CNY 8,950,618.81 and the net proceeds of CNY 751,049,376.23. The funds raised in this issuance did not exceed the upper limit of 760 million yuan (including the original amount) of the total raised funds approved by the company's board of directors and shareholders' meeting and approved by the China Securities Regulatory Commission. The transaction included participation from new investors Caitong Fund Management Co., Ltd. 23,426,573 shares for 200,999,996.34, Nuode Asset Management Co., Ltd. 22,610,722 shares for CNY 193,999,994.76, China Asset Management Co., Ltd. 6,060,606 shares for CNY 51,999,999.48,
Tianan Life Insurance Co., Ltd.-Traditional Products 5,244,755 shares for CNY 44,999,997.90, Qingdao Huixin Investment Partnership (Limited Partnership) 4,662,004 shares for CNY 39,999,994.32, GF Securities Co., Ltd. 4,195,804 shares for CNY 35,999,998.32, Dacheng Fund Management Co., Ltd. 3,496,503 shares for CNY 29,999,995.74, Huaan Securities Co., Ltd. 3,496,503 shares for CNY 29,999,995.74, Wu Xiaochun 3,496,503 shares for CNY 29,999,995.74, Ningbo Jiatouyuan Equity Investment Partnership (Limited Partnership) 3,496,503 shares for CNY 29,999,995.74, Huatai Asset Management Co., Ltd.-Huatai Youyi stock-specific pension products-Agricultural Bank of China Co., Ltd. 3,496,503 shares for CNY 29,999,995.74, Huatai Asset Management Co., Ltd.-Tianan Life Insurance Co., Ltd.-Huatai Multi-Asset Portfolio 3,496,503 shares for CNY 29,999,995.74 and Huatai Asset Management Co., Ltd.-Guangzhou Rural Commercial Bank-Huatai Asset Value Preferred Asset Management Products 1,398,606 shares for CNY 12,000,039.48.