On December 21, 2020, Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) closed the transaction. The company has now issued 49,810,515 shares at a price of CNY 24.07 per share for gross proceeds of CNY 1,198,939,096.05. The issue expenses is of CNY 11,167,862.72. The net proceeds of the transactions were CNY 1,187,771,233.33. The registration procedures for the newly issued shares were already completed at China Securities Depository and Clearing Co., Ltd. Shanghai Branch and the securities change registration proof issued by the China Securities Depository and Clearing Co., Ltd. Shanghai Branch was already received on January 4, 2021. Chen Zhijun acquired 1,454,092 shares for CNY 34,999,994.44, Zhongshi Fortune (Beijing) Investment Fund Management Co., Ltd. acquired 2,908,184 shares for CNY 69,999,988.88, Dajia Asset Management Co., Ltd. acquired 2,908,184 shares for CNY 69,999,988.88, E Fund Management Co., Ltd. acquired 2,492,729 shares for CNY 59,999,987.03, ICBC Credit Suisse Asset Management Co., Ltd. acquired 5,816,368 shares for CNY 139,999,977.76, Harvest Fund Management Co., Ltd. acquired 1,911,092 shares for CNY 45,999,984.44, Caitong Fund Management Co., Ltd. acquired 2,077,274 shares for CNY 49,999,985.18, Southern Asset Management Co., Ltd. acquired 3,614,457 shares for CNY 86,999,979.99, Ping An Asset Management Co., Ltd. representing Ping An Life Insurance Company of China, Ltd.- Investment Link-Individual Insurance Investment Link acquired 1,578,728 shares for CNY 37,999,982.96, Ping An Asset Management Co., Ltd. representing Ping An Asset – ICBC – Xinxiang No. 3 Asset Management Product acquired 1,578,728 shares for CNY 37,999,982.96, Ping An Asset Management Co., Ltd. representing Ping An Asset – ICBC – Xinxiang No. 7 Asset Management Product acquired 1,578,728 shares for CNY 37,999,982.96, China Asset Management Co., Ltd. acquired 2,658,911 shares for CNY 63,999,987.77, China Universal Asset Management Co., Ltd. acquired 2,600,747 shares for CNY 62,599,980.29, and Yinhua Fund Management Co., Ltd. acquired 10,940,561 shares for CNY 263,339,303.27, and existing investor Guotai Asset Management Co., Ltd. acquired 5,691,732 shares for CNY 136,999,989.24. The equity registration date was on January 4, 2021.