On March 19, 2024, Zhejiang Shibao Company Limited closed the transaction. The company issued 32,987,747 shares at a issue price of CNY10.61 per share for gross proceeds CNY 349,999,995.67. The transaction will include participation from China Great Wall Securities Co.,Ltd. for 4,901,036 shares, Caitong Fund Management Co., Ltd. for 7,634,307 shares, Huaan Securities Co., Ltd for 1,508,011 shares, Guotai Junan Securities Co., Ltd for 5,372,290 shares, UBS AG for 3,204,524 shares, J.P. Morgan Securities plc for 1,885,014 shares, Zhou Haihong for 1,885,014 shares and Nuode Asset Management Co., Ltd. for 6,597,551 shares.