On January 18, 2019, COSCO SHIPPING Holdings Co., Ltd. (SEHK:1919) closed the transaction. The company issued 2,043,254,870 A shares in the transaction at a price of CNY 3.78 per share for gross proceeds of CNY 7,723,503,408.60. The company paid issuing expenses of CNY 20,929,325.49 in the transaction. The company has completed the procedures for registration of the new A Shares with China Securities Depository and Clearing Company Limited (Shanghai Branch). On closing of the transaction, the total number of shares increased from 10,216,274,357 shares to 12,259,529,227 shares, and the total number of A shares increased from 7,635,674,357 A shares to 9,678,929,227 A shares. The transaction included participation from existing investor China Shipping (Group) Company for 1,021,627,435 shares having lock-up period 36 months, to hold a stake of 46.22%, Everbright Jin-ou Assets Management Co., Ltd. for 100,992,518 shares having lock-up period of 12 months, Guoxin Central Enterprises Operation (Guangzhou) Investment Fund (Limited Partnership) for 113,756,613 shares having lock-up period of 12 months, Qingdao Port Financial Holdings Limited for 105,820,105 shares having lock-up period of 12 months, CSSC Investment and Development Co. Ltd for 113,756,613 shares having lock-up period of 12 months, new investors Ningbo Meishan Bonded Port Area Xin Da Ying Xin Investment Partnership (Limited Partnership) for 132,275,132 shares having lock-up period of 12 months, to hold a stake of 1.08%, China Structural Reform Fund Co., Ltd., a fund managed by Chengtong Fund Management Co., Ltd. for 119,047,619 shares having lock-up period of 12 months, to hold a stake of 0.97%, and Eastern Airlines Industry Investment Company Limited for 224,867,724 shares having lock-up period of 12 months, to hold a stake of 1.83% in the company. Investors, other than China Shipping (Group) Company, participated for a combined stake of 8.33%. The investors acquired a total stake of 9.94% through the transaction. The company received the proceeds from all the investors in cash, and no transfer of assets is involved. The company has received capital verification report from ShineWing Certified Public Accountants (Special General Partnership).