On November 8, 2021, Shanghai Diesel Engine Co.,Ltd. closed the transaction. The company issued 222,469,410 shares at a price of CNY 8.99 per share for gross proceeds of CNY 1,999,999,996 in the transaction. The transaction included participation from 20 investors including JPMorgan Chase Bank, National Association for 6,674,082 shares, Tianping HSBC Investment Management Partnership (LP) in Ningbo Meishan Free Trade Port Zone for 6,674,082 shares and individual investors including Yang Yuezhi for 6,674,082 shares.

The company received net proceeds of CNY 1,980,978,763.13 in the transaction.