On June 15, 2023, CECEP Techand Ecology&Environment Co.,Ltd., closed the transaction. The company issues 142,180,094 shares at a price of CNY 2.11 per share for the gross proceeds of CNY 299,999,998.34. As a part of transaction the company paid an issuance expense of CNY 2,737,434.04.

The transaction included participation from Nuode Asset Management Co., Ltd. for 75,355,450 shares and Caitong Fund Management Co., Ltd. for 66,824,644 shares.