On August 21, 2023, Qingdao Sentury Tire Co., Ltd. closed the transaction. The company issued 94,307,847 A shares at an issue price of CNY 29.69 per share for the gross proceeds of CNY 2,799,999,977.43. The company disclosed the issue expenses of CNY 10,389,830.63.

The issue expenses were Sponsor and underwriting fees for CNY 8,000,000, Accountant fees for CNY 471,698.11, Lawyer fees for CNY 600,000, Information disclosure fees used in this issuance, issuance handling fees, and other expenses for CNY 1,318,132.52. he transaction included participation from new investors Nuode Asset Management Co., Ltd. for 15,560,807 shares for CNY 462,000,359.83, Zhong Ou Asset Management Co., Ltd. for 15,190,299 shares for CNY 450,999,977.31, Huaxia Life Insurance Co., Ltd. for 7,409,902 shares for CNY 219,999,990.38, Guotai Junan Asset Management (Asia) Co., Ltd. for 5,793,196 shares for CNY 171,999,989.24, GF Securities Co., Ltd. for 5,321,657 shares for CNY 157,999,996.33, China Southern Asset Management Co., Ltd. for 4,344,897 shares for CNY 128,999,991.93, Guotai Junan Securities Co., Ltd. for 3,502,862 shares for CNY 103,999,972.78, Dajia Asset Management Co., Ltd. for 3,368,137 shares for CNY 99,999,987.53, CITIC Securities Company Limited (asset management) for 3,368,137 shares for CNY 99,999,987.53, Ding Haibin for 3,031,323 shares for CNY 89,999,979.87, UBS AG for 2,997,642 shares for CNY 88,999,990.98, CITIC Securities Company Limited (proprietary business) for 2,862,916 shares for CNY 84,999,976.04, Guangdong Dehui Investment Management Co., Ltd.- Dehui Global Selected Private Securities Investment Fund for 2,694,509 shares for CNY 79,999,972.21, Guangdong Dehui Investment Management Co., Ltd.- Dehui Zunxiang Private Securities Investment Fund for 2,694,509 shares for CNY 79,999,972.21, Dingxing Investment Holdings Qirui (Qingdao) Private Equity Investment Fund Partnership Enterprise (Limited Partnership) for 2,694,509 shares for CNY 79,999,972.21, Perseverance Asset Management L.L.P. for 2,694,509 shares for CNY 79,999,972.21, Taikang Asset Management Co., Ltd.- Taikang Assets Yuetai zengxiang asset management products for 2,694,509 shares for CNY 79,999,972.21, China International Capital Corporation Limited (asset management) for 2,694,509 shares for CNY 79,999,972.21, China Life Asset Management Company Limited for 2,694,509 shares for CNY 79,999,972.21 and Huatai Asset Management Co., Ltd. for 2,694,509 shares for CNY 79,999,972.21.