On March 22, 2024, IKD Co., Ltd. closed the transaction. The company issued 66,371,681 shares at a price of CNY 18.08 per share for the gross proceeds of CNY 1,199,999,992.48?. The company paid CNY 13,527,214 as issuance fees and the net proceeds will be CNY 1,186,472,778.48.