On April 16, 2021, China Resources Microelectronics Limited (SHSE:688396) closed the transaction. The company issued 104,166,666 shares at CNY 48.00 per share for the gross proceeds of CNY 4,999,999,968. The company paid CNY 12,125,768.11 as issuance fees in the transaction. The company announced that the Baker Tilly China Certified Public Accountants issued a capital verification report that the Company has received the proceeds.