On November 4, 2022, Hichain Logistics Co.,Ltd. closed the transaction. The company issued 17,268,445 shares with a face value of CNY 1 per share and an issue price of CNY 19.11 per share for total gross proceeds of CNY 329,999,983.95. After deducting the issuance-related expenses of CNY 4,927,097.18, the actual net amount of funds raised was CNY 325,072,886.77, of which CNY 17,268,445 was included in the share capital and CNY 307,804,441.77 was included in the capital reserve.

Holding ratio of Liang Chen changed from 30.26% to 35.48%.