On August 21, 2020, Changjiang & Jinggong Steel Building (Group) Co., Ltd (SHSE:600496) closed the transaction. The company amended the terms of the transaction. The company now issue 202,429,149 A shares at a price of CNY 4.94 per share for gross proceeds of CNY 999,999,996.06. The transaction will include participation from Caitong Fund Management Co., Ltd. for CNY 134,499,996.80, China Life Insurance Assets Management Co. Ltd. for CNY 119,999,995.18, China Industrial Securities Global Fund Management Co., Ltd. CNY 101,249,997.94 and individual investors like Wang Hong and Zou Hanshu. The ccompany will pay issuance expenses of CNY 10,108,089.49 brining the net proceeds of CNY 989,891,906.57. Out of the total proceeds, CNY 202,429,149 will go to share capital and CNY 787,462,757.57 will go to capital reserve. All the securities issue shall remain subject to hold period of 6 months from issuance. The company has been registered in the Shanghai Branch of China Securities Depository and Clearing Corporation Limited.