On January 13, 2017, the company closed the transaction. The company amended the terms of the transaction. The Company issued 5,550,416 shares at the price of CNY 21.62 per share for gross proceeds of CNY 119,999,993.92 and incurred issuance expenses of CNY 12,840,000.00 in the transaction.

The company received the capital verification report total proceeds of CNY 119,999,993.92. The shares cannot be transferred within 12 months from the new share listing date. The transaction saw participation from Ping An UOB Fund Management Co., Ltd for 2,025,901 shares, and Caitong Fund Management Co., Ltd for 3,524,515 shares.