On March 15, 2022, Shanghai Xuerong Biotechnology Co., Ltd. closed the transaction. The company issued 65,676,567 shares at an issue price of CNY 6.06 per share for gross proceeds of CNY 397,999,996.02 on March 15, 2022. The company incurred issuance expenses of CNY 10,519,671.82.

All the shares subscribed by the issue objects shall not be transferred within six months from the date of listing of the newly added shares.