On July 22, 2021, Fujian Tianma Science and Technology Group Co., Ltd closed the transaction. The company announced that it has issued 96,551,724 shares at a price of CNY 5.8 per share for gross proceeds of CNY 559,999,999.20. The transaction included participation from Fujian Tianma Investment Development Co., Ltd. receiving 30,896,551 shares for CNY 179,199,995.80, Chongqing Environmental Fund Co., Ltd. receiving 5,344,827 for CNY 30,999,996.60, Xiamen bo rui Dongfang Investment Management Co., Ltd. receiving 8,620,689 shares for CNY 49,999,996.20, Liu Junhui receiving 7,586,206 shares for CNY 43,999,994.80, Soochow Asset Management Co., Ltd. receiving 8,620,689 shares for CNY 49,999,996.20, Mei Yunhe receiving 4,655,172 shares for CNY 26,999,997.60, Xiamen Seashine Investment Co., Ltd. receiving 13,793,103 shares for CNY 79,999,997.40, Xu Shangyin receiving 6,034,482 for CNY for CNY 34,999,995.60, Shanghai South Land Asset Management Co., Ltd. receiving 2,586,206 shares for CNY 14,999,994.80, Wu Shiyi receiving 2,241,379 shares for CNY 12,999,998.20, Luo Jun receiving 2,068,965 shares for CNY 11,999,997, Xie Kai receiving 2,068,965 shares for CNY 11,999,997 and Huang Jialing receiving 2,034,490 shares for CNY 11,800,042. The company share capital increased from 339,757,252 shares to 436,308,976 shares. The company paid issuance fees of CNY 7,904,551.72.