On November 1, 2022, Polaris Bay Group Co.,Ltd. closed the transaction. The company amended the terms of the transaction. The company has issued 521,866,994 A shares at a price of CNY 5.80 for gross proceeds of CNY 3,026,828,565.20 in the transaction.

The company has paid issuance expenses of CNY 47,288,699.82 and received net proceeds of CNY 2,979,539,865.38 of which CNY 521,866,994.00 included in the share capital and CNY 2,457,672,871.38 into capital reserve share capital premium. The transaction included participation from Nuode Asset Management Co., Ltd. for 81,034,482 shares, for proceeds of CNY 469,999,995.60, Hefeng Diversified Investment Phase II Private Securities Investment Fund, a fund managed by the Shenzhen Qianhai Hefeng Regular Asset Management Co., Ltd. for 72,413,793 shares, for proceeds of CNY 419,999,999.40, CITIC Securities Company Limited for 62,068,965 shares, for proceeds of CNY 359,999,997.00, and other investors.