On February 15, 2022, Luyin Investment Group Co.,Ltd. closed the transaction. The company issued 107,474,431 shares at a price of CNY 4.19 per share for gross proceeds of CNY 450,317,865.89. As a part of the transaction Shandong Guohui Investment Co., Ltd subscribed for 79,065,539 shares, Shandong Guohui Reform & Development Fund Partnership (L.P.), a fund managed by Shandong Guohui Fund Management Co., Ltd. for 28,408,892 shares.