On September 22, 2021, Huafu Fashion Co., Ltd. closed the transaction. The company issued 274,278,835 shares at a price of CNY 4.16 per share for the gross proceeds of CNY 1,140,999,953.60. The registration application materials were accepted by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.

The transaction included participation from Guotai Junan Securities Co., Ltd. for 30,769,230 shares for CNY 127,999,996.8 for 2.44% stake, Anhui Agricultural Industrialization Development Fund Co., Ltd. for 24,038,461 shares for CNY 99,999,997.76 for 1.34% stake, Guotai Asset Management Co., Ltd. for 23,076,923 shares for CNY 95,999,999.68, China Security Co., Ltd. for 21,153,846 shares for CNY 87,999,999.36, Caitong Fund Management Co., Ltd. for 18,990,384 shares for CNY 78,999,997.44 and other investors.