On June 29, 2021, Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) closed the transaction. The company has issued 36,732,241 A shares for a total gross proceeds of CNY 2,130,469,978. The transaction included participation from Jiangsu Jiequan Yida Rongjing Equity M&A Investment Fund (Limited Partnership), a fund managed by Jiangsu Addor Equity Investment Fund Management Co., Ltd., Hillhouse Capital Management, Ltd., Liren Excellence Evergreen Phase II Private Equity Securities Investment Fund, Guizhou Railway People's Insurance No.

1 Equity Investment Fund Center (Limited Partnership), CITIC Securities Company Limited (SHSE:600030), J.P. Morgan Securities plc, GF Fund Management Co., Ltd., Morgan Stanley & Co. International Plc, Asset Management Arm, UBS Group AG (SWX:UBSG), Caitong Fund Management Co., Ltd., Wt Asset Management Ltd and AIA Life Insurance Co. Ltd..

The company has paid issuance cost of CNY 25,279,425.45 in the transaction.