On November 3, 2021, Beingmate Co., Ltd. closed the transaction. The company has issued 57,523,333 A shares at a price of CNY 4.5 for a total gross proceeds of CNY 258,854,998.50. The transaction included pariticpation from Caitong Fund Management Co., Ltd. for 8,333,333 shares, Hangzhou Chunan Beikun Enterprise Management Consulting Partnership (Limited Partnership) for 9,356,666 shares, UBS AG for 2,222,223 shares, also included individual investors Liu Anrang for 20,000,000 shares, Ke An for 3,500,000 shares and Zhao Pengfei for 11,111,111 shares. The company has received net proceeds of CNY 252,304,573.30 in the transaciton.