On February 25, 2021, New Universal Science and Technology Co., Ltd. (SZSE:300472) closed the transaction. The company issued 59,628,202 shares at an issue price of CNY 7.80 per share for gross proceeds of CNY 465,099,975.60. The transaction included participation from individual investors Zhou Fuyi for 2,692,307 shares for CNY 20,999,994.60, Zhang Pengwei for 2,743,589 shares for CNY 21,399,994.20, Chen Daoqing for 2,628,205 shares for CNY 20,499,999.00, Li Wei for 6,025,641 shares for CNY 46,999,999.80, Hangzhou Xiaofan Enterprise Management Partnership Enterprise (Limited Partnership) for 6,666,666 shares for CNY 51,999,994.80, Shenzhen Shenhao Technology Enterprise (Limited Partnership) for 13,153,846 shares for CNY 102,599,998.80, Deqing Shengze Enterprise Management Partnership Enterprise (Limited Partnership) for 12,102,564 shares for CNY 94,399,999.20, Fuzhou Geyun Simai Commercial Project Planning Center (Limited Partnership) for 13,615,384 shares for CNY 106,199,995.20. The company paid issuance fees of CNY 10,566,037.74. Post the closing, the share capital of company increased from 206,992,919 shares to 266,621,121 shares.