On October 18, 2022, Shenyang Machine Tool Co., Ltd. closed the transaction. The company issued 380,710,659 shares at an issue price of CNY 3.94 per share for gross proceeds of CNY 1,499,999,996.46. Post-closing of the transaction, the stake of China General Technology (Group) Holding Co.,Ltd. increased from 29.99% to 42.90%.

The company has incurred issuance expense of CNY 10,953,213.89. The net proceeds raised in the transaction is CNY 1,489,046,782.57. The company has paid other fees of CNY 972,081.82 of which stamp duty fees of CNY 372,354.78, registration fees of CNY 359,161, information disclosure fees of CNY 127,358.49 and publishing material production fee of CNY 113,207.55.

Out of the total amount, the company has received CNY 380,710,659 as part of share capital and CNY 1,108,336,123.57 as part of capital reserve.