On October 12, 2023, Guangzhou Haige Communications Group Incorporated Company, closed the transaction. The company has issued 177,385,277 shares at a price pf CNY 10.46 per share and raised a total of CNY 1,855,449,997.42 in the transaction. The company paid CNY 13,055,489.80 as fee in the transaction.

The transaction will include participation from returning investor, Guangzhou Radio Group Co., Ltd. for 28,417,121 shares of CNY 297,243,085.66, new investors, Guangzhou Guangdian Pingyun Industrial Investment Co., Ltd. for 17,738,527 shares of CNY 185,544,992.42, China Mobile Capital Holdings Co., Ltd. for 4,011,659 shares of CNY 41,961,953.14, Shanghai Beidou Qixing Equity Investment Fund Center (Limited Partnership) for 14,340,344 shares of CNY 149,999,998.24, Guohua Satellite Application Industry Fund (Nanjing) Partnership (Limited Partnership), a fund managed by China Aerospace Investment Holdings Ltd., for 12,428,298 shares of CNY 129,999,997.08, Foshan Poly Defense Equity Investment Partnership (Limited Partnership) for 12,428,298 shares of CNY 129,999,997.08, Guangzhou Industrial Investment Private Securities Investment Fund Management Co., Ltd. for 12,428,298 shares of CNY 129,999,997.08, AEGON-Industrial Fund Management Co. Ltd. 20,325,047shares of CNY 212,599,991.62, CSC Financial Co., Ltd. 13,062,141 shares of CNY 136,629,994.86, Nuode Asset Management Co., Ltd. 26,698,852 shares of CNY 279,269,991.92, Caitong Fund Management Co., Ltd. 15,506,692 shares of CNY 162,199,998.32