On April 13, 2020, Beijing Beetech Inc. (SZSE:300667) closed the transaction. The company has received CNY 249,999,997.85 in the transaction through issuance of 5,446,623 shares at an issue price of CNY 22.95 per share for the proceeds of CNY 124,999,997.85 and 1,250,000 convertible bonds for the proceeds of CNY 233,041,005.98. The transaction included participation from Han Bo, Changzhou New Development Industrial Co., Shenzhen Japser Capital Management Co., Ltd., Hunan Light Salt Venture Capital Management Co., Ltd., Chen Zhuoyu, Shenzhen Xiaoxiang Junyi Asset Management Co., Ltd., New Huadu Industrial Group (Shanghai) Investment Co., Ltd., Shanghai Tongyi Investment Management Co., Ltd and Shanghai Hande Equity Investment Fund Management Co., Ltd. Each investor issued 435,729, 435,729, 1,263,615, 871,459, 784,313, 435,729, 566,448, 435,729, 217,872 for proceeds of CNY 9,999,980.55, CNY 9,999,980.55, CNY 28,999,964.25, CNY 19,999,984.05, CNY 17,999,983.35, CNY 9,999,980.55, CNY 12,999,981.60, CNY 9,999,980.55, CNY 5,000,162.40 respectively and bonds 100,000, 200,000, 240,000, 200,000, 180,000, 100,000, 130,000, 100,000 for the proceeds of CNY 10,000,000, CNY 20,000,000, CNY 24,000,000, CNY 20,000,000, CNY 18,000,000, CNY 10,000,000, CNY 13,000,000 and CNY 10,000,000 respectively. The shares issued will have a hold period of six months. Post the closing, the share capital of company increased from 121,605,923 shares to 127,052,546 shares.