On January 19, 2021, Hanwang Technology Co., Ltd. (SZSE:002362) closed the transaction. The company issued 27,465,354 A shares at a price of CNY 20.73 per share for gross proceeds of CNY 569,356,788.42. The transaction included participation from 26 investors which includes Juneng Capital Management Co., Ltd. for CNY 29,999,999.94, Caitong Fund Management Co., Ltd. for CNY 20,399,999.13, Shanghai Foresee Investment Co., Ltd. -Zhiyuan CTA enterprising (7Th Tranche) and Shanghai Foresee Investment Co., Ltd. -Zhiyuan CTA enterprising (8Th Tranche), funds managed by Shanghai Foresee Investment Co.,Ltd. for CNY 19,999,993.05 and CNY 34,499,985.42, respectively, new investors China International Capital Corporation Limited (SEHK:3908) for CNY 57,299,979.57 to acquire 1.13% stake, Tongfang Investment Ltd. for CNY 99,999,985.98 to acquire 1.97% stake, Henan Yellow River Computer System Co., Ltd. for CNY 169,999,992.75 to acquire 3.35% stake, individual investors Li Songbai for CNY 11,834,757, Tian Ye for CNY 5,053,974, and other investors.

The company raised net proceeds of CNY 560,977,450.33 in the transaction.