On August 25, 2023, Hangzhou Changchuan Technology Co.,Ltd closed the transaction. The company issued 8,415,450 Shares at an issue price of CNY 32.88 per Share for the gross proceeds of CNY 276,699,996. The company has disclosed the issue expenses of CNY10,250,270.35.

The transaction included participation from new investors Beijing Yi?an Capital Management Co., Ltd.-Yi?an Fujia No. 15 Private Securities Investment Fund for 912,408 shares for CNY 29,999,975.04, China Life Insurance Assets Management Co., Ltd.-China Life Insurance Assets Management-Bank of China-China Life Assets-PIPE2020 Insurance Asset Management Products for 1,064,476 shares for CNY 34,999,970.88, CETC Investment Holdings Co., Ltd. for 1,520,681 shares for CNY 49,999,991.28, Nuode Asset Management Co., Ltd. for 1,143,552 shares for CNY 37,599,989.76, Caitong Fund Management Co., Ltd. for 1,094,890 shares for CNY 35,999,983.20, UBS AG for 912,408 shares for CNY 29,999,975.04 and China Asset Management Co., Ltd. for 1,767,035 shares for CNY 58,100,110.80. The company share capital before was 613,235,018 shares and after share capital is 621,650,468 shares.