On December 31, 2021, Kyland Technology Co., Ltd. closed the transaction. The transaction has issue expenses of CNY 5,288,918.08 and net proceeds of CNY 154,711,077.52. Out of the proceeds CNY 20,253,164 will go towards registered capital and remaining CNY 134,457,913.52 will be included in capital reserve.

The company has received new registered capital paid-in verification report issued by ShineWing Certified Public Accountants (special general partnership). The issue expenses of CNY 5,288,918.08 included underwriting sponsorship fee of CNY 4,339,622.64, accountant fee of CNY 301,886.79, attorney fee of CNY 600,000.00, and securities registration fee of CNY 19,106.76 and CNY 28,301.89 for printing expenses. The transaction included participation from Industrial Investment Fund Co., Ltd., China Galaxy Securities Co., Ltd., Investment Arm, Ningju Yingshanhong No.4 Private Securities Investment Fund, a fund managed by Ningbo Ningju Asset Management Center (Limited Partnership), Caitong Fund Management Co., Ltd., China Industrial Securities Global Fund Management Co., Ltd.