On April 25, 2023, Dongjiang Environmental Company Limited closed the transaction. The company has amended the terms of the transaction. The company issued 225,988,700 A shares at a price of CNY 5.310 per share for the gross proceeds of CNY 1,199,999,997.

The transaction included participation from returning investor, Guangdong Rising Holdings Group Co., Ltd. for 65,310,734 shares, new investor, Baowu Group Environmental Resources Technology Co., Ltd for 86,629,001 shares, Shanghai Baosteel New Building Materials Technology Co., Ltd. for 37,664,783 shares, Jinan Hanxiang Investment Management Partnership Enterprise (Limited Partnership) for 13,182,674 shares, China Asset Management Co., Ltd. for 7,532,956 shares, Yimi Fund Management Co., Ltd. for 6,214,688 shares, UBS Group AG 5,649,717 shares and Guangdong Tower Group Co., Ltd. for 3,804,147 shares. After the issuance of shares to specific targets is completed, the shares subscribed by Guangdong Rising Holdings Group Co., Ltd. shall not be transferred within 18 months and the shares subscribed by other issuance targets shall not be transferred within 6 months from May 18, 2023. The company incurred CNY 3,773,600 as underwriting fees, CNY 853,300 as attorney fees, CNY 301,900 as accountant fee, CNY 298,700 as stamp duty, CNY 226,000 as share registration fee, CNY 105,900 as independent financial advisor fee and CNY 132,400 as other expenses for aggregate issuance expenses of CNY 5,691719.910.