On April 9, 2018, Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) closed the transaction. The company announced that it has amended the terms of the transaction. The company will now issue up to 34,222,312 shares at a price of CNY 12.28 per share for gross proceeds of up to CNY 420,249,991.36.

The transaction included participation from Jiangsu The Belt and Road Investment Fund (Limited Partnership), a fund managed by Jiangsu Soho the Belt and Road Capital Management Co., Ltd. for 3,501,628 shares for proceeds of 42,999,991.84, Shenzhen Qianhai Boshi Fund Management Co., Ltd. for 11,156,351 shares for proceeds of CNY 136,999,990.28 , Taikang Life Insurance Co., Ltd. - Interconnection - Multi-Strategy Optimization for 3,501,628 shares for proceeds of CNY 42,999,991.84, Taikang Life Insurance Co., Ltd. - Dividend - Individual Dividend - 019L-FH002 Deep Optimization for 3,501,628 shares for proceeds of CNY 42,999,991.84, Weifang Luxin Kangda Venture Investment Center (Limited Partnership); a fund co-managed by returning investor Luxin Venture Capital Group Co., Ltd. (SHSE:600783) and Shandong Luxin Kangda Investment Management Co., Ltd. for 3,990,228 shares for proceeds of CNY 48,999,999.84, CRRC Financial and Securities Investment Co., Ltd. for 3,684,856 shares for proceeds of CNY 45,250,031.68, and Zhang Huaibin for 4,885,993 shares for proceeds of CNY 59,999,994.04