On December 20, 2022, Zhejiang Sunriver Culture Co.,Ltd. closed the transaction. The company amended the terms of the transaction. The company issued 53,763,440 shares at an issue price of CNY 5.58 per share for an aggregate gross proceeds of CNY 299,999,995.20.

The transaction included participation from Rosefinch Fund Management Co. , Ltd. by investing CNY 129,000,013.56 for 23,118,282 shares, Hangzhou Gongshu State Investment Industry Development Co., Ltd. by investing 49,999,997.34 for 8,960,573 shares, Caitong Fund Management Co., Ltd. by investing CNY 27,499,997.70 for 4,928,315 shares, Jinan Dazhong Guotai Digital Tourism Industry Investment Fund Partnership by investing CNY 20,999,995.20 for 3,763,440 shares, Nuode Asset Management Co., Ltd. by investing CNY 9,999,996.12 for 1,792,114 shares, Chen Fashu by investing CNY 49,999,997.34 for 8,960,573 shares and Qiao Zhongxing by investing CNY 12,499,997.94 for 2,240,143 shares