On December 7, 2022, Shuifa Energas Gas Co., Ltd. closed the transaction. The company issued 10,837,438 shares at a price of CNY 10.15 per share for gross proceeds of CNY 109,999,995.70. The company incurred issue expenses with respect to the transaction - CNY 12,999,999.87 for financial advisory and underwriting fees, CNY 1,603,773.58 for legal fee, CNY 1,433,962.26 for accounting fee, and CNY 801,886.79 for information disclosure fee.

The transaction will include participation from new investors Caitong Fund Management Co., Ltd. for 2,955,665 shares for CNY 29,999,999.75, Nuode Asset Management Co., Ltd. for 5,714,285 shares for CNY 57,999,992.75, CCB Principal Asset Management Co., Ltd. for 788,177 shares for CNY 7,999,996.55, Guodu Benfu No. 5 Fixed Increase Private Investment Fund, a fund managed by Guodu Venture Capital Co., Ltd. for 98,523 shares for CNY 1,000,008.45, returning investor UBS Group AG for 1,280,788 shares for CNY 12,999,998.20. The shares have a restriction period of 6 months.