On September 28, 2023, Sinatay Life Insurance Co., Ltd. closed the transaction. The transaction included the participation from new investors Wuchan Zhongda Group Co.,Ltd. issue 3,367,350,000 shares and hold 33.00% stake, Hangzhou Chengtou Capital Group Co. Ltd issue 918,370,000 shares and hold 9.00% stake, Hangzhou Xiaoshan Environment Group Co.

Ltd issue 571,430,000 shares and hold 5.60% stake and Hangzhou Xiaoshan Qianjiang Century City Equity Investment 346,940,000 shares and hold 3.40% stake. The registered capital is increase from CNY 5,000,000,000 to CNY 9,374,000,000. The company held that the transaction has been approved at the 11th Meeting of the 10th Board of Directors.