In July 2021, Hunan Huakai Cultural and Creative Co., Ltd. closed the transaction. The company issued 22,727,268 at a price of CNY 22 each for gross proceeds of CNY 499,999,896. The transaction included participation from Zhou Xinhua for 2272727 shares, Chuangfu Fuxing No. 6 Private Securities Investment Fund, a fund managed by Shenzhen Chuangfu Zhaoye Financial Management Co., Ltd. for 7,272,727 shares, Wang Fei for 2272727 shares, Zhu Shuangquan for 2,272,727 shares, Zhang Changtao for 1,818,181 shares, Wang Yinlin for 1,818,181 shares, Huang Changming for 1,454,545 shares, Hunan Tianze Leading Cultural Media Industry Investment Fund Enterprise (Limited Partnership), a fund managed by Hunan Zhentai Equity Investment Management Partnership (Limited Partnership) for 1,363,636 shares, Cai Hongbing for 1363636 shares, and Wu Ying for 818,181 shares. The company paid CNY 25,471,693.22 as issue expenses.