On March 10, 2021, Shanghai ChipON Micro-Electronic Co., Ltd. closed the transaction. The company received $46,080,000 led by Shanghai SAIC Hengxu Investment Management Company Limited, returning investor China Fortune-Tech Capital Co., Ltd and new investor Wanxiang Qianchao Co.,Ltd. (SZSE:000559). The transaction included participation from Winsoul Capital, More Than More, Hangzhou Sanhua Hongdao Investment Management Partnership (L.P.) and returning investor Silicon Harbour Capital.