On November 2, 2023, Jiangsu Kuangshun Photosensitivity New-Material Stock Co., Ltd. closed the transaction. The company issued 5,920,663 A shares at a price of CNY 16.89 per share for gross proceeds of CNY 99,999,998.07. The company incurred issuue expense of CNY 4,015,019.48.

The company added CNY 5,920,663.00 as registered capital and an amount of CNY 90,064,315.59 as capital reserves. The transaction included participation from new investor Nuode Asset Management Co., Ltd. for CNY 61,000,008.45; and returning investor Caitong Fund Management Co., Ltd. for CNY 38,999,989.62.