On December 27, 2016, Guomai Technologies, Inc. (SZSE:002093) closed the transaction. The company issued 122,657,580 class A shares at CNY 11.74 per share for gross proceeds of CNY 1,439,999,989.20. The company incurred costs of CNY 20,110,000 as part of the transaction and received net proceeds of CNY 1,419,889,989.20. The transaction included participation from Beixin Ruifeng Fund Management Co.,Ltd. for 12,265,758 shares, Beijing Zhongcai Yufu Investment Management Co., Ltd. for 25,234,241 shares, Wuhan Zhongbang Asset Management Co., Ltd. for 24,531,515 shares, and other investors. The shares subscribed by Fujian Guomai Group Co., Ltd. will have a lock-up period of 36 months from listing date within which they cannot be transferred. The shares subscribed by all other investors will have a lock-up period of 12 months from listing date within which they cannot be transferred.