On December 13, 2021, Vanjee Technology Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company issued 15,232,292 shares at an issue price of CNY 26.26 per share for gross proceeds of CNY 399,999,987.92.

The company received net proceeds of CNY 391,471,686.20 in the transaction. The shares must not be transferred within 6 months of the issuance. The transaction included participation from Caitong Fund Management Co., Ltd. for 3,541,507 shares for CNY 92,999,973.82; Orient Fund Management Co., Ltd. for 3,427,265 shares for CNY 89,999,978.90; Jinan Ruihe Investment Partnership Enterprise (Limited Partnership) for 1,942,117 shares for CNY 50,999,992.42; and other investors.

After the issuance, Jinan Ruihe Investment Partnership Enterprise (Limited Partnership) will own 1,942,117 shares, accounting for 0.91% stake; and Lv Qiang will own 1,237,630 shares, accounting for 0.58% stake.