On October 28, 2021, Aerospace CH UAV Co.,Ltd closed the transaction. The company has issued 42,240,259 A shares at a price of CNY 21.56 per share for gross proceeds of CNY 910,699,984.04 in the transaction. The transaction included participation from China Aerospace Investment Holdings Ltd. for CNY 500,000,000, Guohua Military-Civilian Integration Industry Development Fund (Limited Partnership), a fund managed by Guohua Military-Civilian Integration Industry Development Fund Management Co., Ltd. for CNY 299,999,983.36, Hangzhou Weitong Equity Investment Partnership (Limited Partnership) for CNY 49,999,990.04, Shanghai Guoxin Investment Development Co. Ltd. for CNY 49,999,990.04 and Taizhou Financial Holding Asset Management Co., Ltd. for CNY 10,700,033.96. Of the total proceeds, CNY 42,240,259 will go towards registered capital and CNY 861,051,964.59 for capital reserve. The company has received net proceeds of CNY 903,292,223.59 in the transaction. The shares subscribed by China Aerospace Investment Holdings Ltd. will be subject to a hold period of 18 months and shares subscribed by others will be subject to a hold period of 6 months.