On June 22, 2021, Shanghai Huace Navigation Technology Ltd (SZSE:300627) closed the transaction. The company has issued 30,745,580 shares at a price of CNY 26.02 per share for gross proceeds of CNY 799,999,991.60 in the transaction. The transaction included participation from AEGON-Industrial Fund Management Co., Ltd. for 6,510,376 shares, Bosera Asset Management Co., Ltd. for 3,112,990 shares, Beijing Guoshou Taihe Equity Investment Partnership I (L.P.), a fund co-managed by Zhongjin Zhide Equity Investment Management Co., Ltd. and Shandong Tonghui Capital Management Co., Ltd. for 2,305,918 shares, individual investor, Yang Maozhi for 883,935 shares and other investors.

The company has received net proceeds of CNY 785,009,211.13 in the transaction.