On April 11, 2022, Guangdong Kingshine Electronic Technology Co.,Ltd. closed the transaction. The company has amended the terms of the transaction. The company has issued 51,701,308 shares at a price of CNY 19.29 per share for gross proceeds of CNY 997,318,231.32.

The transaction included participation from Chongqing Environmental Fund Co., Ltd, through its fund Chonghuan Tianxi Private Equity Investment Fund for 2,851,218 shares and CNY 54,999,995.22, China Great Wall Securities Co., Ltd. for 1,658,890 shares and CNY 31,999,988.10, Shanghai Qianying Investment Management Co., Ltd. through its Qianying Value Growth No. 7 Private Securities Investment Fund for 2,592,016 shares and CNY 49,999,988.64, Beijing Taidesheng Investment Co., Ltd through its Taidesheng Investment Tailai No. 2 Private Securities Investment Fund for 2,592,016 shares and CNY 49,999,988.64 and Taidesheng Investment Delai No.

1 Private Securities Investment Fund for 1,658,890 shares and CNY 31,999,988.10, Ningbo Renqing Private Fund Management Co., Ltd through its Renqing Renhe No. 1 Private Securities Investment Fund for 5,184,033 shares and CNY 99,999,996.57, Fei Dingyue for 5,184,033 shares and CNY 99,999,996.57 for for 2.31% stake, Ningbo Zhongbai Co., Ltd. for 2,592,016 shares and CNY 49,999,988.64, Guodu Venture Capital Co., Ltd through its Guodu Benfu No. 2 Fixed Increase Private Investment Fund for 1,658,890 shares and CNY 31,999,988.10, Zhao Xiangdong for 1,658,890 shares and CNY 31,999,988.10, China Asset Management Co., Ltd. for 8,087,091 shares and CNY 155,999,985.39, UBS AG for 2,851,218 shares and CNY 54,999,995.22, Caitong Fund Management Co., Ltd. for 1,658,890 shares and CNY 31,999,988.10, Shenzhen Junyi Private Securities Fund Management Co., Ltd through its Junyi Qibu Private Securities Investment Fund for 7,257,646 shares and CNY 139,999,991.34 for for 3.24% stake and Junyi Qingfeng Private Securities Investment Fund for 120,185 shares and CNY 2,318,368.65, Nuode Asset Management Co., Ltd for 4,095,386 shares and CNY 78,999,995.94.

The shares holds a lock up period of 6 months. The company has incurred issue fees of CNY 25,851,308.24 and received net proceeds of CNY 971,466,923.08 in the transaction.