On December 31, 2020, Yunnan Yuntianhua Co., Ltd. (SHSE:600096) closed the transaction. The company issued 412,197,201 A shares at a price of CNY 4.61 per share for gross proceeds of CNY 1,900,229,096.61. The transaction included participation from 14 investors, which includes returning investor YUNTIANHUA GROUP Co., Ltd for CNY 414,900,000, Gongqingcheng Shengbang Kemi Investment Partnership (Limited Partnership), a fund managed by Gongqingcheng Shengbang Investment Management Co., Ltd. for CNY 499,999,996.09, Dacheng Fund Management Company Limited for CNY 164,999,999.77, individual investor Lu Qiang for CNY 149,999,995.60, China Galaxy Securities Co., Ltd., Investment Arm for CNY 59,999,998.24, and other investors.

The company incurred issuance expenses of CNY 32,624,760.74, and raised net proceeds of CNY 1,867,604,335.87 in the transaction. As a result of the transaction, the registered capital of the company was increased by CNY 412,197,201, and the capital reserve was increased by CNY 1,455,407,134.87. The company has completed the registration procedures with China Securities Depository and Clearing Co., Ltd. Shanghai Branch.