On May 31, 2023, Shenzhen Longli Technology Co.,Ltd closed the transaction. The company issued 19,920,316 shares at an issue price of CNY 15.06 per share for proceeds of CNY 299,999,958.96 in the transaction. The company incurred expenses of CNY 8,212,511.79 in the transaction and received net proceeds of CNY 291,787,447.17.

The transaction included participation from new investors Caitong Fund Management Co., Ltd. for 6,573,705 shares for CNY 98,999,997.30; Nuode Asset Management Co., Ltd. for 3,851,261 shares for CNY 57,999,990.66; Huatai Youyi No. 5 Blended Pension Products, Huatai Asset Huatai Robust Gain Asset Management Products, Huatai Asset Steady Win Growth Return Asset Management Products, managed by Huatai Asset Management Co., Ltd. for 3,984,063 shares CNY 59,999,988.78 and other investors. After the closing of the transaction, UBS AG acquired 0.76% stake, Huatai Asset Management Co., Ltd. acquired 1.74% stake, Xue Xiaohua acquired 0.58% stake.