On January 9, 2023, Friend Co.,Ltd. closed the transaction. The company has issued 57,829,181 shares at Issue price 11.24 per share for proceeds of CNY 649,999,994.44. The company has paid issuance fee of CNY 5,734,490.14 and received net proceeds of CNY 644,265,504.30.

The transaction included participation from Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd, UBS Group AG, and other investors.