On July 16, 2020, Glarun Technology Co., Ltd. (SHSE:600562) closed the transaction. The company has also amended the terms of the transaction. The company has issued 38,387,715 shares at an issue price of CNY 15.63 per share for the gross proceeds of CNY 599,999,985.45. The transaction included participation from Essence Securities Dingfabao No. 1 Collective Asset Management Plan, Essence Securities Dingfabao No. 2 Collective Asset Management Plan, Essence Securities Dingfabao No. 3 Collective Asset Management Plan, Essence Securities Dingzhenbao No. 1 Single Asset Management Plan, Essence Securities Dingzhenbao No. 2 Single Asset Management Plan, Essence Asset Management Dingzhenbao No. 3 Single Asset Management Plan, Essence Asset Management Dingzhenbao No. 5 Single Asset Management Plan and Essence Asset Management Dingzhenbao No. 6 No. Single Asset Management Plan; funds managed by Essence Securities Asset Management Co., Ltd. for 6,525,911 shares for CNY 101,999,988.93, Shandong Huihan Industry Development Co., Ltd. for 5,118,362 shares for CNY 79,999,998.06, Taikang Asset Management Co., Ltd. for 3,326,935 shares for CNY 51,999,994.05, Beijing Taidingsheng Information Technology Co., Ltd. for 3,262,955 shares for CNY 50,999,986.65, Valin Jinshan (Tianjin) Industry Investment Fund Partnership Ent. (L.P.), Valin Jinshan Industrial Investment Management Co., Ltd., Taiping Asset Management Company Limited, Xi'an West High Investment Cornerstone Investment Fund Partnership (Limited Partnership), Changsha Zhongying Pioneer No. 1 Equity Investment Partnership (Limited Partnership), Basic Pension Insurance Fund 303 Portfolio Huatai Asset Management Co., Ltd. each for 3,198,976 shares for CNY 49,999,994.88 and Shenzhen Jiashi Dayan Capital Management Co., Ltd. for 959,696 shares for CNY 15,000,048.48. The shares issue has a lock in period of six months. Post the closing, the number of shares of the company increased from 1,203,470,125 shares to 1,241,857,840 shares.