In January 2019, Suzhou Hycan Holdings Co., Ltd. (SZSE:002787) closed the transaction. The company issued 6,878,900 shares at an issue price of CNY 6.90 per share for gross proceeds of CNY 47,464,410. The transaction included participation from individual investors Zhong Weiwei for 2,898,500 for CNY 19,999,650; Shen Genfa for 2,898,500 for CNY 19,999,650; and Wang Qinqiang for 1,081,900 for CNY 7,465,110. The company will pay sponsorship and underwriting fee of CNY 586,966.18; financial consulting fee of CNY 384,884.91; legal fee of CNY 96,196.23; audit and verification fee of CNY 197,367.92; information disclosure fee of CNY 14,486.79; and registration fee of CNY 6,489.53 in the transaction. The company will receive net proceeds of CNY 46,178,018.44 in the transaction. The new shares will be listed on January 24, 2019.