On December 14, 2021, Fujian Snowman Co., Ltd. closed the transaction. The company issued 98529411 shares at an issue price of CNY 6.80 per share for gross proceeds of CNY 669,999,994.80 in the transaction. The company paid CNY 6,842,798.62 as issue expenses in the transaction.

The transaction included participation from Lin Rujie for 8,823,529 shares for CNY 59,999,997.20 the stake increased from changed from 21.75% to 20.12% as a new investor, Zhang Xiongcheng for 2941176 shares for CNY 19,999,996.80, Yang Xueping for 1,764,705 shares for CNY 11,999,994, Chen Fagen for 3,676,470 shares for CNY 24,999,996, Lin Mingwen for 2,941,176 shares for CNY 19,999,996.80, Liu Wei for 7352941 shares for CNY 49,999,998.80, new investor, holds 0.95%, Wang Airui for 14,705,882 shares for CNY 99,999,997.60 for 1.91% stake, Lin Yanqin for 2941176 shares for CNY 19,999,996.80, Lin Wei for 5,147,058 shares for CNY 34999994.40, Zheng Zhishu for 4,411,764 shares for CNY 29999995.20, holding ratio changed from 1.29% to 1.41%, Lü Qiang new investor, holds 3.43% for 26,470,588 shares for CNY 179,999,998.40, Caitong Fund Management Co., Ltd. for 8,676,470 shares for CNY 58,999,996, Li Jie for 3235294 shares for CNY 21,999,999.20, Zheng Zhijie , a returning investor changed from 0.68% to 1% stake for 4,411,764 shares for CNY 29,999,995.20, and Du Xiangdong for 1,029,418 shares for CNY 7,000,042.40.