On December 25, 2019, Beijing Ctrowell Technology Corporation Limited (SZSE:300455) closed the transaction. The company has issued 82,047,870 shares at a price of CNY 7.52 per share for gross proceeds of CNY 616,999,982.40 in the transaction. The company has paid issuance expenses of CNY 20,403,742.88 and received net proceeds of CNY 596,596,239.52 in the transaction.

The company has issued 26,595,744 shares to China Aerospace Investment Holdings Ltd., 13,297,872 shares to CCB (Beijing) Investment Fund Management Co., Ltd., 17,553,191 shares to China Huarong Asset Management Co., Ltd. (SEHK:2799), 15,292,553 shares to Taikang Asset Management Co., Ltd., and 9,308,510 shares to Zhonghe (Zhejiang) Emerging Industry Equity Investment Fund (Limited Partnership)