On January 4, 2022, Jiangsu Shentong Valve Co., Ltd. closed the transaction. The company has issued 21,781,305 shares of par value, CNY 1 at a price of CNY 17.01 per share for gross proceeds of CNY 370,499,998.05 in the transaction. The transaction included participation from 18 qualified investors.

The company has incurred issue expenses of CNY 8,629,321.96 and will receive net proceeds of CNY 361,870,676.09.