On June 29, 2023, Beijing BDStar Navigation Co., Ltd. closed the transaction. The company has issued 31,374,501 A shares at an issue price of CNY 30.12 per share for gross proceeds of CNY 944,999,970.12 in the transaction. The transaction included participation from new investors, Nuode Asset Management Co., Ltd. for CNY 245,149,993.2, Beijing Integrated Circuit Advanced Manufacturing and High-end Eqpt.

Equity Invt. Fund Center (L.P.), a fund managed by Beijing CGP Investment Co, Ltd. for CNY 115,999,981.32, GF Securities Co., Ltd., Investment Arm for CNY 96,999,984.12, Guotai Junan Securities Co., Ltd., Investment Arm for CNY 91,679,978.88, Jinan Jiangshan Investment Partnership (Limited Partnership) for CNY 79,999,985.04, UBS Group AG for CNY 70,999,978.44, Jinan Hanxiang Investment Management Partnership Enterprise (Limited Partnership) for CNY 49,999,983.12, JPMorgan Chase Bank, National Association for CNY 26,999,989.68, Huatai Asset Management Co., Ltd. for CNY 80,999,969.04, returning investor, Caitong Fund Management Co., Ltd. for CNY 74,199,987.48 and new individual investor, Lin Jintao for CNY 11,970,139.8. All securities issued in the transaction have the lock-up period of 6 months. After deducting the issuance expenses of CNY 13,924,073.87 (value-added tax), the company’s net funds raised at CNY 931,075,896.25 of which CNY 31,374,501 was added to the share capital and CNY 899,701,395.25 was added to the capital reserve in the transaction.