On August 7, 2021, Dongguan Huali industries Co., Ltd. closed the transaction. The company amended the terms of the transaction and issued 22,542,830 A shares at a price of CNY 11.09 per share for a total gross proceeds of CNY 249,999,984.70. The transaction included participation from Tibet RuiHua Capital Management Co., Ltd. for 9,017,132 shares, Ningbo Ningju Asset Management Center (Limited Partnership) for 3,606,853 shares, individual investors Guo Weison for 6,311,992 shares and Lin Jintao for 3,606,853 shares. The company has paid issuance cost of CNY 9,979,162.12 in the transaction.