On January 12, 2022, Tangshan Jidong Cement Co.,Ltd. closed the transaction. The company issued 178,571,428 shares at an issue price of CNY 11.2 per share for gross proceeds of CNY 1,999,999,993.60 in the transaction. The transaction included participation from Beijing State-owned Capital Operation Management Co., Ltd. for 44,642,857 shares for CNY 499,999,998.40, CNBM Investment Co., Ltd. for 44,642,857 shares for CNY 499,999,998.40, Wuhu Cinda De-leverage Investment Management Partnership (Limited Partnership) for 44,642,857 shares for CNY 499,999,998.40, E Fund Management Co., Ltd. for 17,232,142 for CNY 192,999,990.40, GF Securities Co., Ltd. for 4,464,285 shares for CNY 49,999,992, Taikang Asset Management Co., Ltd.-Taikang Life Insurance Co., Ltd. Investment Linked Active Growth Investment Account for 3,571,428 shares for CNY 39,999,993.60, Guotai Junan Securities Co., Ltd for 3,571,428 shares for CNY 39,999,993.60, Sinolink Securities Co., Ltd. for 2,678,571 for CNY 29,999,995.20 , Taikang Asset Management Co., Ltd. - Taikang Life Insurance Co., Ltd. – Traditional for 2,678,571 shares for CNY 29,999,995.20, returning investor Taikang Asset Management Co., Ltd.-Taikang Life Insurance Co., Ltd. Investment Linked Preferred Growth Investment Account for 2,678,571 shares for CNY 29,999,995.20, Jiangxi Jintou Industrial Development Co., Ltd. for 2,678,571 shares for CNY 29,999,995.20, UBS Group AG for 2,678,571 CNY 29,999,995.20, and Guotai Junan Asset Management (Asia) Co., Ltd.-Guotai Junan Financial Holdings Co., Ltd.-Client Funds for 2,410,719 shares for CNY 27,000,052.80.