On June 19, 2024, CCCG Real Estate Company Limited closed the transaction. The company has issued 51,664,712 A shares at a price of CNY 8.59 per share for the gross proceeds of CNY 443,799,876.08, after deducting various issuance expenses (excluding value-added tax) totaling CNY 5,554,357.16. Therefore, the net proceeds from the fundraising amount to CNY 438,245,518.92.

The transaction included participation from returning investor CCCG Real Estate Group Co., Ltd for 25,832,356 shares for CNY 221,899,938.04 and new investors Chongqing Wanyou Life Service Co., Ltd. for 2,910,360 shares for CNY 24,999,992.40, Luo Xu for 2,444,703 shares for CNY 20,999,998.77, Hu Jiyang for 1,164,144 shares for CNY 9,999,996.96, Xiang Runming for 1,164,144 shares for CNY 9,999,996.96, Hubei Xinde Construction Group Co., Ltd. for 2,910,360 shares for CNY 24,999,992.40, Guosen Securities Co., Ltd. for 1,164,144 shares for CNY 9,999,996.96, Tianjin Fusion Urban Construction Co., Ltd. for 2,910,360 shares for CNY 24,999,992.40, Sunyoung Construction (Group) Co., Ltd. for 2,910,360 shares for CNY 24,999,992.40, Nuode Asset Management Co., Ltd. for 3,189,755 shares for CNY 27,399,995.45, Caitong Fund Management Co., Ltd. for 4,714,784 shares for CNY 40,499,994.56, Zhejiang Tanli Private Fund Co., Ltd.-Tannli Xiaoman No. 1 Private Securities Investment Fund for 116,414 shares for CNY 999,996.26 and Shanghai Muxin Private Fund Management Co., Ltd.-Muxin Mingxin Hedge No. 1 Private Securities Investment Fund for 232,828 shares for CNY 1,999,992.52.

Prior to the transaction, as of March 31, 2024, CCCG Real Estate Group Co., Ltd. owns 363,846,949 shares, accounting for 52.32% stake. After the transaction, CCCG Real Estate Group Co., Ltd. owns 389,679,305 shares, accounting for 52.16% stake; Caitong Fund Management Co., Ltd. owns 4,714,784 shares, accounting or 0.63% stake; Nuode Asset Management Co., Ltd. owns 3,189,755 shares, accounting for 0.43% stake; Chongqing Wanyou Life Service Co., Ltd. owns 2,910,360 shares, accounting for 0.39% stake; Hubei Xinde Construction Group Co., Ltd. owns 2,910,360 shares, accounting for 0.39% stake; Tianjin Fusion Urban Construction Co., Ltd. owns 2,910,360 shares, accounting for 0.39% stake.