On November 10, 2023, Sealand Securities Co., Ltd. closed the transaction. The company issued 941,648,963 A shares at an issue price of CNY 3.39 for the gross proceeds of CNY 3,192,189,984.57. The company has disclosed the issue expenses of CNY 14,553,667.96 and the net proceeds of CNY 3,177,636,316.61.

The issue expenses of the transaction Underwriting and sponsor fees CNY 11,900,806.54, Stamp duties CNY 794,607.73, Lawyer fees CNY 660,377.36, Registration fees CNY 513,363.11, Audit and capital verification fees CNY 485,849.06, Information disclosure fees CNY 188,679.25, Issuance documents production fees CNY 9,984.91. The transaction included participation from returning investors Guangxi Investment Group Co.,Ltd for 265,486,725 shares for CNY 899,999,997.75 60 and Guangxi Wuzhou Zhongheng Group Co.,Ltd for 88,495,575 shares for CNY 299,999,999.25 and new investors Guangxi Financial Investment Group Co., Ltd. for 235,988,200 shares for CNY 799,999,998.00, Guotai Junan Securities Co., Ltd. for 91,445,427 shares for CNY 309,999,997.53, Nuode Asset Management Co., Ltd. for 74,253,687 shares for CNY 251,719,998.93, Caitong Fund Management Co., Ltd. for 37,011,799 shares for CNY 125,469,998.61, Guangxi Beigang Financial Holdings Investment Co., Ltd. for 29,498,525 shares for CNY 99,999,999.75, Guangxi State Farms Iindustry Investment Development Center (Limited Partnership) for 29,498,525 shares for CNY 99,999,999.75, Huaan Securities Co., Ltd. for 29,498,525 shares for CNY 99,999,999.75, Guangxi Materials Group Co.,Ltd. for 29,498,525 shares for CNY 99,999,999.75, UBS AG for 12,389,380 shares for CNY 41,999,998.20, Morgan Stanley & Co. International Plc for 6,489,675 shares for CNY 21,999,998.25, GF Securities Co., Ltd. for 6,194,690 shares for CNY 20,999,999.10 and AEGON-Industrial Fund Management Co.

Ltd. for 5,899,705 shares for CNY 19,999,999.95. The shares of Guangxi Investment Group Co.,Ltd, Guangxi Financial Investment Group Co., Ltd. and Guangxi Wuzhou Zhongheng Group Co.,Ltd are restricted to a hold period 60 months and rest of the investors for 6 months.