On June 16, 2020, Shanghai Kelai Mechatronics Engineering Co.,Ltd (SHSE:603960) closed the transaction. The company issued 2,284,148 A shares at a price of CNY 21.89 per share for gross proceeds of CNY 50,000,000. China Securities Depository and Clearing Corporation Limited, Shanghai Branch issued the Securities Change Registration Certificate. The company completed the registration procedures with respect to the transaction.