On March 12, 2024, China Petroleum & Chemical Corporation closed the transaction. The company has now issued 2,390,438,247 A shares at a price of CNY 5.02 per share for gross proceeds of CNY 11,999,999,999.94. The company has paid issuance expenses of CNY 12,671,221.04 and net proceeds is CNY 11,987,328,778.90.