On August 18, 2022, Jack Technology Co.,Ltd closed the transaction. The company issued 36,630,036 shares at a price of CNY19.11 per share for gross proceeds of CNY 699,999,987.96 in the transaction. The company paid placement agent fees of CNY 7,517,392.52.

The transaction included participation from Gongqingcheng Yazheng Equity Investment Partnership Enterprise (Limited Partnership) for 1,517,530 shars of CNY 28,999,998.30, North Industries Group Wealth Asset Management Co., Ltd. for 1,308,215 shares of CNY 24,999,988.65, Shenzhen Timesbole Venture Capital Management Co., Ltd. for 1,674,515 shares of CNY 31,999,981.65, CITIC Securities Chuangying No. 1 Single Asset Management Plan for 1,569,858 of shares CNY 29,999,986.38, China Asset Management Co., Ltd. for 4,238,618 shares of CNY 80,999,989.98, Caitong Fund Management Co., Ltd. for 1,753,008 shares for CNY 33,499,982.88, Dehui Optimal Private Securities Investment Fund, a fund managed by Guangdong Dehui Investment Management Co., Ltd. for 2,093,144 shares of CNY 39,999,981.84, Dehui Zunxiang No.9 Private Securities Investment Fund for 1,308,215 shares of CNY 24,999,988.65, AEGON-Industrial Fund Management Co., Ltd. for 470,966 shares of CNY 9,000,160.26, Taizhou Jinkong Asset Management Co., Ltd. of 7,430,664 shares for CNY 141,999,989.04, JPMorgan Chase Bank,National Association for 2,668,759 shares for CNY 50,999,984.49, Huatai Securities Co., Ltd. for 1,465,201 shares of CNY 27,999,991.11, Nuode Asset Management Co., Ltd. for 4,421,768 shares of CNY 84,499,986.48, Dehui Zunxiang Private Securities Investment Fund for 3,139,717 shares of CNY 59,999,991.87.