On December 9, 2020, closed the transaction. The transaction included participation from 7 investors including returning investor Shandong Renhe Investment Co., Ltd. for 20,920,503 shares for gross proceeds of CNY 100,000,004.34, Huatai Securities Co., Ltd., Investment Arm for 8,368,200 shares for gross proceeds of CNY 39,999,996, Junyi Sharing Private Securities Investment Fund managed by Shenzhen Xiaoxiang Junyi Asset Management Co., Ltd. for 6,276,150 shares for gross proceeds of CNY 29,999,997, Chenming (Qingdao) Asset Management Co., Ltd. for 6,276,150 shares for gross proceeds of CNY 29,999,997, Shanghai Chitai Asset Management Co., Ltd. for 5,907,386 shares for gross proceeds of CNY 28,237,305.08, individual investors Yang Guoliang for 10,460,251 shares for gross proceeds of CNY 49,999,999.78, and Lin Meng for 6,276,150 shares for gross proceeds of CNY 29,999,997. The company amended the transaction and issued 64,484,790 shares at a price of CNY 4.78 per share for gross proceeds of CNY 308,237,296.20 in the transaction. The company paid various issuance expenses including securities issuance underwriting fee and financial advisory fee of CNY 14,636,874.31 and received net proceeds of CNY 296,237,296.20 in the transaction. As a result, company registered capital increased by CNY 64,484,790, and CNY 229,115,631.89 was added to capital reserve-equity premium.