On March 7, 2022, Wuhan Ligong Guangke Co., Ltd. closed the transaction. The company issued 14,267,583 A shares at an issue price of CNY 29.5 for gross proceeds of CNY 420,893,698.50. The transaction included participation from China Information and Communication Technology Group Co., Ltd. for CNY 138,650,000 subject to 18 months lock-up period, Hubei Jiaotong Capital Investment Co., Ltd. for CNY 49,999,992.50 subject to 6 months lock-up period, Wuhan Optics Valley New Technology Industry Investment Co., Ltd. for CNY 49,999,992.50 subject to 6 months lock-up period.

The company paid issuance expenses of CNY 8,942,940.11 including CNY 7,782,562.76 for Sponsorship and Underwritten fees, CNY 754,716.98 for CNY attorney fees, CNY 311,320.75 for Audit verification fee, CNY 94,339.62 for material cost and the actual net amount of funds raised are CNY 411,950,758.39.