On January 4, 2022, Dianguang Explosion-proof Technology Co., Ltd. closed the transaction. The company has issued 39,405,880 shares at a price of CNY 9.51 per share for gross proceeds of CNY 374,749,918.80. The transaction included participation from Shanghai Ming Da Industrial (Group) Co., Ltd. for 4,206,098 shares for CNY 39,999,991.98 for 1.16% stake, UBS Group AG for 2,103,049 shares for CNY 19,999,995.99, China Asset Management Co., Ltd. for 3,049,421 shares for CNY 28,999,993.71 for 0.84% stake, Nuode Asset Management Co., Ltd. for 2,996,845 shares for CNY 28,499,995.95 for 0.83% stake, Caitong Fund Management Co., Ltd. for 9,805,467 shares for CNY 93,249,991.17, China Galaxy Securities Co., Ltd. for 1,051,524 shares for CNY 9,999,993.24, AEGON-Industrial Fund Management Co., Ltd. for 1,156,677 shares for CNY 10,999,998.27, Wang Hongtao for 2,103,049 shares for CNY 19,999,995.99, Qiu Piyun for 2,103,049 shares for 19,999,995.99, Zhang Qizhi for 2,103,049 shares for CNY 19,999,995.99, Hu Quan for 1,051,524 shares for CNY 9,999,993.24, ShiRongrong for 1,051,524 shares for CNY 9,999,993.24, Dong Weiguo for 1,366,982 shares for CNY 12,999,998.82, Huang Wenping for 2,103,049 shares for CNY 19,999,995.99, Li Xiaoyang for 1,051,524 shares for CNY 9,999,993.24, and Xie Wen for 2,103,049 shares for CNY 19,999,995.99.

The shares issued are subject to hold period 6 months. The company received net proceeds of CNY 369,110,856.65.