On December 25, 2020, Brother Enterprises Holding Co.,Ltd. (SZSE:002562) closed the transaction. The company issued 115,222,923 A shares at a price of CNY 4.71 per share for gross proceeds of CNY 542,699,967.33. The transaction involved participation from AEGON-Industrial Fund Management Co., Ltd. for 11,104,033 shares, Shanghai Guotai Junan Securities Assets Management Limited for 10,445,859 shares, Caitong Fund Management Co., Ltd. for 22,547,770 shares, Truvalue Asset Management Co.,Ltd. and Harvest Fund Management Co., Ltd. for 14,861,995 shares, CITIC Securities Company Limited, Investment Arm for 10,615,711 shares, China International Capital Corporation Limited (SEHK:3908) for 8,492,569 shares, Nanhua Fund Management Co., Ltd. for 7,430,997 shares, and individual investors, Bai Xiaoming and Li Zhi for 7,430,997 shares each.

The company paid issuance expenses of equity registration fee of CNY 108,700.87 and material production fee of CNY 28,301.89 and other expenses, resulting in net proceeds of CNY 535,921,455.13.