On August 23, 2019, Tianjin Jingwei Huikai Optoelectronic Co., Ltd. (SZSE:300120) closed the transaction. The company will issue 72,750,000 shares at a price of CNY 5.55 each for gross proceeds of CNY 403,762,500. The transaction will include participation from Zhangjiagang Bonded Area Fengrui Jiahua Investment Management Co., Ltd. for 36,050,000 shares for CNY 200,077,500, Tanyes Group for 25,000,000 for CNY 138,750,000 and individual investor Ai Yan for 11,700,000 for CNY 64,935,000.

The company incurred expenses of CNY 5,838,859 in the transaction.