Due to the lockdown measures during the 2019 novel coronavirus (COVID-19) pandemic, the economic activities and the associated emissions have significantly declined. This reduction in emissions has created a natural experiment to assess the impact of the emitted precursor control policy on ozone (O$_3$) pollution, which has become a public concern in China during the last decade. In this study, we utilized comprehensive satellite, ground-level observations, and source-oriented chemical transport modeling to investigate the O$_3$ variations during the COVID-19 in China. Here we found that the O$_3$ formation regime shifted from a VOC-limited regime to a NOx-limited regime due to the lower NOx during the COVID-19 lockdown. However, instead of these changes of the O$_3$ formation region, the significant elevated O$_3$ in the North China Plain (40%) and Yangtze River Delta (35%) were mainly attributed to the enhanced atmospheric oxidant capacity (AOC) in these regions, which was different from previous studies. We suggest that future O$_3$ control policies should comprehensively consider the synergistic effects of O$_3$ formation regime and AOC on the O$_3$ elevation.