On October 15, 2019, Hubei Feilihua Quartz Glass Co.,Ltd (SZSE:300395) closed the transaction. The company issued 38,631,344 shares at a price of CNY 18.12 per share for gross proceeds of CNY 699,999,953. The transaction included participation from Ping An Asset Management Co., Ltd. for CNY 139,999,994, CITIC Securities Company Limited (SHSE:600030) for CNY 229,999,969, Shenzhen Yuanzhi Ruixin Equity Investment Management Co., Ltd. for 189,999,996, and China United Property Insurance Company Limited for CNY 139,999,994.

The company completed the registration procedures for the issuance of new shares. The company incurred an expenses of CNY 12,048,863 brining the net proceeds to CNY 699,999,953 in the transaction. The securities issued is subject to lock in period of 12 months.