On December 21, 2021, Chaozhou Three-Circle (Group) Co.,Ltd. closed the transaction. The company issued 99,591,419 shares at issue price of CNY 39.16 per share for gross proceeds of CNY 3,899,999,968.04 in the transaction. The transaction included participation from HHLR Management Co., Ltd. for 17,875,383 shares for gross proceeds of CNY 699,999,998.28, Guotai Junan Securities Co., Ltd. for 13,176,710 shares for gross proceeds of CNY 515,999,963.60, Huatai Securities Co., Ltd. for 8,504,675 shares for gross proceeds of CNY 333,043,073, Pacific Asset Management Co., Ltd. (Pacific Asset Management-China Construction Bank-Pacific Growth Selected Stock Products) for 3,064,351 shares for gross proceeds of CNY 119,999,985.16.

The company incurred issuance expenses of CNY 20,188,293.64 raising net proceeds of CNY 3,879,811,674.4 in the transaction. The shares issued have a restricted period of 6 months from closing of the transaction.