On January 8, 2021, Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) closed the transaction. The company issued 39,423,074 shares at the price of CNY 5.2 per share for gross proceed of CNY 204,999,984.8. The transaction included participation from Shenzhen Yuanzhifuhai M&A Equity Investment Fund Partnership (Limited Partnership) which acquired 28,846,153 shares for CNY 149,999,995.60, Xiamen Cinda Information Technology Group Co., Ltd. which acquired 4,807,692 shares for CNY 24,999,998.40, Xie Kailiang which acquired 3,846,153 shares for CNY 19,999,995.60, and Ningbo Hangzhou Bay New Area Muhe Property Co., Ltd. which acquired 1,923,076 shares for CNY 9,999,995.20. The shares has lock up period of six months and will be listed on January 22, 2021. The net proceeds of the transaction would be CNY 200,096,755.73 of which the newly-added registered capital was 39,423,074 yuan and the newly-increased capital reserve was 160,673,681.73 yuan. Shenzhen Branch of China Securities Depository and Clearing Corporation Limited completed the transaction. The underwriting sponsorship fees were CNY 3,287,735.61, accountant fees were CNY 537,735.84, lawyer's fee were CNY 424.528.30, information disclosure fees were CNY 542,452.83, material production cost were CNY 23,584.91, share registration fee were CNY 37,191.58, stamp duty were CNY 50,000.00.