On March 24, 2023, Jiajiayue Group Co., Ltd. closed the transaction. The company has issued 38,934,223 A shares at a price of CNY 10.49 per share for gross proceeds of CNY 408,419,999.27. The transaction included participation from returning investor Jiajiayue Holding Group Co., Ltd. for 62.07% stake.

The company has paid issuance fee of CNY 6,160,734.38 in the transaction, the company has receive net proceeds of CNY 402,259,264.89.