On January 27, 2022, Shennan Circuit Company Limited closed the transaction. The company issued 23,694,480 share at the price of CNY 107.62 per share for proceeds of CNY 2,549,999,937.60. The transaction included participation from 19 investors including AVIC Industry Investment Co., Ltd. for CNY 149,999,895.04, Huatai Securities Co., Ltd., Investment Arm for CNY 352,999,949.58, and Lin Xiuhao for CNY 70,999,927.36.

The securities will be restricted for 18 month for AVIC Industry Investment Co., Ltd. and 6 months for other investors. The company received CNY CNY 2,529,664,782.94 after deducting the issuance expenses of CNY 20,335,154.66, which included underwriting sponsorship fee of CNY 18,679,245.28, accountant fees of CNY 377,358.49, and attorney fees of CNY 536,150.44. Post the transaction, the capital reserve has increased by CNY 2,505,970,302.94.