On April 30, 2021, By-health Co., Ltd. (SZSE:300146) closed the transaction. The company issued 119,288,209 shares at a price of CNY 26.20 per share for gross proceeds of CNY 3,125,351,075.8. The transaction included participation from new investor Sun Huigang for 45,801,526 shares for gross proceeds of CNY 1,199,999,981.20, new investor Qilu Zhongtai Dingzeng No. 2 Private Equity Fund, a fund managed by Qilu Zhongtai Capital Management Co., Ltd. for 19,045,801 shares for gross proceeds of CNY 498,999,986.20, Nuode Asset Management Co,.

Ltd. for 7,862,595 shares for gross proceeds of CNY 205,999,989 and other investors. The company paid CNY 34,083,790.38 as issue expenses in the transaction and received CNY 3,091,267,285.42 in net proceeds.