On November 8, 2022, TDG Holding Co., Ltd. closed the transaction. The company has issued 236,868,686 shares at a price of CNY 9.90 per share for gross proceeds of CNY 2,344,999,991.40. The transaction included participation from Caitong Fund Management Co., Ltd. for 51,631,313 shares, Guangdong Hengjian International Investment Co., Ltd. for 20,202,020 shares and Nuode Asset Management Co., Ltd. for 31,111,111 shares and other investors.

The company has received CNY 2,324,695,954.38 in the transaction after paying issuance fee of CNY 20,304,037.02. The total share capital after the completion of the transaction is 1,233,434,416 shares outstanding.