On March 11, 2024, Leascend Technology Co., Ltd closed the transaction. The company issued 92,198,580 shares at a price of CNY 7.05 per share for the gross proceeds of CNY 649,999,989. The transaction included participation from returning investor, Hainan Juxing Technology Co., Ltd. for 85,106,382 shares for CNY 600,000,000 and individual investor, Huang Mingliang for 7,092,198 shares for CNY 50,000,000.

The transaction has been approved by the 23rd meeting of the 6th board of directors and the 17th meeting of the 6th board of supervisors.