On August 30, 2019, Will Semiconductor Co., Ltd. (SHSE:603501) closed the transaction. The company issued 7,006,711 shares at a price of CNY 57.68 per share for gross proceeds of CNY 404,147,090.48. The company paid CNY 37,291,138.43 for issuance expenses and received net proceeds of CNY 366,855,952.05.