On January 5, 2021, Anhui Guofeng Plastic Industry Co., Ltd. (SZSE:000859) closed the transaction. The company issued 156,526,541 shares at an issue price of CNY 4.52 per share for gross proceeds of CNY 707,499,965.32. These shares have completed the equity registration procedures at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.

The transaction included participation from returning investor Hefei Industrial Investment Holding Co., Ltd. for 55,752,212 shares and CNY 251,999,998.24, Anhui Anyuan Innovation Venture Capital Fund Co., Ltd., a fund managed by Anhui Anyuan Investment Fund Management Co., Ltd. for 10,951,327 shares and CNY 49,499,998.04, Cathay Pacific Fund Management Co., Ltd. for 6,194,690 shares and CNY 27,999,998.80, Tianping HSBC Investment Management Partnership (LP) in Ningbo Meishan Free Trade Port Zone for 7,743,362 shares and CNY 34,999,996.24, Tian Wanbiao for 4,424,778 shares and CNY 19,999,996.56, Anhui Province Railway Development Fund Co., Ltd., Investment Arm for 13,274,336 shares and CNY 59,999,998.72, Huaibei City Growth SME Fund Co., Ltd. for 13,274,336 shares and CNY 59,999,998.72, CSC Financial Co., Ltd. (SEHK:6066) for 11,061,946 shares and CNY 49,999,995.92, Bengbu Growth SME Fund Co., Ltd. for 8,849,557 shares and CNY 39,999,997.64, Shenzhen Chonghai Investment Co., Ltd. for 6,637,168 shares and CNY 29,999,999.36, Wang Ziquan for 5,088,495 shares and for CNY 22,999,997.40, Cai Qingming for 4,424,778 shares and CNY 19,999,996.56, China Asset Management Co., Ltd. (SHSE:515170) for 2,212,389 shares and CNY 9,999,998.28, Qu Xiaobo for 2,212,389 shares and CNY 9,999,998.28, Zhang Hesheng for 4,424,778 shares and CNY 19,999,996.56. The company paid lawyer's fee of CNY 990,566.04, accountant fees of CNY 84,905.66, information disclosure fee of CNY 41,886.79, securities registration fee of CNY 147,666.55 and have net proceeds of CNY 695,263,242.81. Out of the total proceeds CNY 156,526,541.00 will go into share capital and CNY 538,736,701.81 will go into capital reserve.

The shares issued to Hefei Industrial Investment Holding Co., Ltd. will have a hold period of 18 months and all other investors will have a hold period of 6 months.