On November 10, 2023, Jiangmen Kanhoo Industry Co., Ltd closed the transaction. The company has paid issuance expenses of CNY 17,493,515.92 and the actual net proceeds are CNY 566,516,484.08. After the completion of this issuance, the shares subscribed by the investor shall not be transferred within 18 months from the date of completion of the issuance.

After the completion of this issuance, the investor holds 63,000,000 shares accounting for 22.77% stake in the company. The issuer's controlling shareholder and actual controller before this issuance was Wan Guojiang. After the completion of this issuance, the issuer's controlling shareholder is now changed to Zhuhai Gree Financial Investment Management Co., Ltd, and the actual controller will be changed to the State-owned Assets Supervision and Administration Commission of the Zhuhai Municipal People's Government.