On July 14, 2023, Hubei Yihua Chemical Industry Co., Ltd. closed the transaction. The company issued 160,000,000 A shares at a price of CNY 9.90 per share for gross proceeds of CNY 1,584,000,000. The transaction included participation from 12 investors including returning investor Hubei Yihua Group Limited Liability Company for CNY 499,999,995; Yichang High-tech Capital Investment Management Co., Ltd. for CNY 299,999,997; Yichang Chengfa Capital Holdings Co., Ltd. for CNY 199,999,998.

The company incurred issue expenses - underwriting and sponsorship fees of CNY 13,040,000.02; lawyer?s fees of CNY 188,679.26; capital verification and audit fees of CNY 735,849.06; share registration fees of CNY 160,000.00; and stamp duty of CNY 392,468.87. The shares issued to Hubei Yihua Group Limited Liability Company have a lock up period of 18 months, and shares issued to other investors have a lock up period of 6 months.