On April 26, 2021, Anhui Sinonet & Xinlong Science & Technology Co., Ltd. (SZSE:002298) closed the transaction. The company has issued 48,604,986 A shares at a price of CNY 6.81 per share for gross proceeds of CNY 330,999,954.66 in the transaction, out of which, CNY 48,604,986 is included in registered capital and rest CNY 275,743,639.74 will be included in capital reserve. The company has paid CNY 6,651,328.92 as issue expenses and received net proceeds of CNY 324,348,625.74 in the transaction. The transaction included participation from Yancheng Kangyan Information Industry Investment Partnership (L.P.) for 29,368,575 shares, Huang Shuxun for 4,111,600 shares, Leslie Cheung for 3,817,914 shares, Zhang Yongheng for 2,349,486 shares, Ren Wei and UBS AG for 1,468,428 shares each, Zheng Ruheng for 881,057 shares, Yinhe Investment Private Equity No. 1 Private Equity Fund, a fund managed by Zhenjiang Galaxy Venture Capital Co., Ltd., Yu Zhenhuan, Xu Yusheng, Yue Zhangxu, Zheng Lili, Li Wenjie, and Zhu Maochang for 734,214 shares each.