On March 10, 2021, Sinosteel Anhui Tianyuan Technology Co.,Ltd. (SZSE:002057) closed the transaction. The company issued 170,900,000 shares for CNY 5.56 per share for CNY 950,204,000. The transaction included participation from Generali China Asset Management Co., Ltd. for CNY 99,999,997.16, Tianjin Zhencheng Information Consulting Co., Ltd., Gongqingcheng Shengheng Investment Management Co., Ltd. for CNY 199,999,999.88 each, Lv Qiang for CNY 59,999,994.96, Fang Yongzhong for CNY 99,999,997.16, and Li Wei for CNY 34,999,999.84.

The company will bear CNY 20,949,796.27 as issuance expenses brining the net proceeds to CNY 929,254,203.73 in the transaction.