On March 28, 2023, Zhejiang Yongjin Metal Technology Co., Ltd closed the transaction. The company issued 44,411,547 shares at a price of CNY 27.02 per share for proceeds of CNY 1,199,999,999.94. The company incurred issuance fees of CNY 10,000,000 for underwriting and sponsorship; CNY 943,396.23 for audit and capital verification; CNY 801,886.79 for legal fees and CNY 183,407.12 for Information Disclosure & Registration for total fees of CNY 11,928,690.14 in the transaction.

The transaction included participation from China Galaxy Securities Co., Ltd., Investment Arm for CNY 149,999,989.86; Taikang Asset Management Co., Ltd. for CNY 214,999,869.28; and GF Fund Management Co., Ltd. for CNY 152,999,993.44 and other investors.