On October 20, 2020, Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) closed the transaction. The company has issued 79,033,430 shares at a price of CNY 27.52 per share for gross proceeds of CNY 2,174,999,993.60. The transaction involved participation from GF Fund Management Co., Ltd. for 40,261,627 shares for CNY 1,107,999,975.04, Jiangsu Jiequan Yida Rongjing Equity M&A Investment Fund (Limited Partnership), a fund managed by Jiangsu Addor Equity Investment Fund Management Co., Ltd. for 10,537,790 shares for CNY 289,999,980.80, Jiangyin Addor Gaoxin Equity Investment Partnership Enterprise (Limited Partnership), a fund managed by Suzhou Addor Rongjing Capital Management Partnership Enterprise (Limited Partnership) for 5,813,953 shares for CNY 159,999,986.56, individual investor Ge Weidong for 541,429 shares for CNY 14,900,126.08, and other investors. The company paid expenses of CNY 21,421,226.36, resulting in net proceeds of CNY 2,153,578,767.24. Of the total amount, CNY 79,033,430 were included in the share capital and CNY 2,074,545,337.24 were included in the capital reserve-share premium.