On January 27, 2022, Xinjiang Sayram Modern Agriculture Co., Ltd closed the transaction. The company issued 110,453,647 common shares at a price of CNY 5.07 per share for gross proceeds of CNY 559,999,990 in the transaction. The company incurred issue expense of CNY 5,726,415.09.

The transaction included participation from new investors Jinshi Futures Co., Ltd. - Jinshi Futures Bingtou No. 1 Single Asset Management Plan for 39,447,731 shares for gross proceeds of CNY 199,999,996.17 for an equity stake of 6.79%, Xinjiang Zhongxinjian Huyang Industrial Investment Fund Partnership (Limited Partnership) for 51,282,051 shares for gross proceeds of CNY 259,999,998.57 for an equity stake of 8.82%, Xinjiang Production and Construction Corps Investment Co., Ltd. for 19,723,865 shares for gross proceeds of CNY 99,999,995.55 for an equity stake of 3.39%. The securities have a lock up period of 6 months.