On July 13, 2020, Suzhou Institute of Building Science Group Co., Ltd. (SHSE:603183) closed the transaction. The company has amended the terms of the transaction and has issued 31,068,689 common shares at an issue price of CNY 6.41 for gross proceeds of CNY 199,150,296.49. The company has incurred total issuance expense of CNY 14,150,943.39 in the transaction, including CNY 10,000,000 as underwriter fees. Post-closing of the transaction, the number of shares issued by the company will increase to 298,280,075. The newly-added shares of the transaction have completed the registration procedures at the Shanghai Branch of China Securities Depository and Clearing Corporation Limited.