On July 3, 2023, Jinlei Technology Co., Ltd. closed the transaction. The company amended the deal terms in the transaction. The company announced a private placement of issue 63,700,414 shares at CNY 33.78 per share for gross proceeds of CNY 2,151,799,984.92.

The transaction included the participation from Shenzhen Tianyi Investment Co., Ltd. subscribe 1,924,215 shares for CNY 64,999,982.70 issued to a lock up period of 6 months, HuaAn Fund Management Company Ltd subscribe 2,072,232 shares for CNY 69,999,996.96 issued to a lock up period of 6 months, Hubei Financial Holdings Investment Management Co., Ltd. subscribe 1,924,215 shares for CNY 64,999,982.70 issued to a lock up period of 6 months , Caitong Fund Management Co., Ltd. subscribe 8,436,944 shares for CNY 284,999,968.32 issued to a lock up period of 6 months, Qingdao Guoxin Technology Industry Investment Fund Partnership Enterprise subscribe 1,953,818 shares for CNY 65,999,972.04 issued to a lock up period of 6 months, China Merchants Securities Asset Management Co., Ltd. subscribe 1,924,215 shares for CNY 64,999,982.70 issued to a lock up period of 6 months, ICBC Credit Suisse Asset Management Co., Ltd. subscribe 1,924,215 shares for CNY 64,999,982.70 issued to a lock up period of 6 months, China Life Asset Management Co., Ltd. subscribe 2,960,331 shares for CNY 99,999,981.18 issued to a lock up period of 6 months , Wang Shichun, subscribe 1,924,215 shares for CNY 64,999,982.70 issued to a lock up period of 6 months, Yinhua Fund Management Co., Ltd. subscribe 9,828,300 shares for CNY 331,999,974.00 issued to a lock up period of 6 months, Guotai Junan Asset Management (Asia) Co., Ltd. subscribe 3,108,348 shares for CNY 104,999,995.44 issued to a lock up period of 6 months, Shenzhen Dachen Caizhi Venture Capital Management Co., Ltd. subscribe 2,368,265 shares for CNY 79,999,991.70 issued to a lock up period of 6 months, Hubei Shenwan Ruiwei Equity Investment Partnership Enterprise subscribe 2,368,265 shares for CNY 79,999,991.70 to a lock up period of 6 months, China Asset Management Co. Ltd. subscribe 4,440,497 shares for CNY 149,999,988.66 issued to a lock up period of 6 months, Nuode Asset Management Co., Ltd. subscribe 12,403,789 shares for CNY 418,999,992.42 issued to a lock up period of 6 months and UBS AG subscribe 1,770,285 shares for CNY 59,800,227.30 issued to a lock up period of 6 months.