On November 16, 2022, CNSIG Inner Mongolia Chemical Industry Co.,Ltd. closed the transaction. The company has issued 161,640,883 shares at a price of CNY 12.51 per share for gross proceeds of CNY 2,022,127,446.33. The transaction included participation from China Structural Reform Fund Co., Ltd., a fund managed by Chengtong Fund Management Co., Ltd. for 39,968,025 shares and 3.53% stake, Nuode Asset Management Co., Ltd. for 23,928,847 shares, returning investor Caitong Fund Management Co., Ltd. for 19,584,320 shares, and including individual and international investors.

The company has received CNY 1,983,879,758.66 net proceeds after paying issuance fee of CNY 38,247,687.67 in the transaction. After the completion of the transaction the total outstanding shares will be 1,132,777,625 shares.