On November 14, 2022, Triumph Science & Technology Co.,Ltd closed the transaction. The company issued 180,722,891 A shares at a price of CNY 8.30 per share for gross proceeds of CNY 1,499,999,995.3 in the transaction. The transaction included participation returning investor, Triumph Science and Technology Group Co., Ltd. for CNY 408,299,999.30, and new investors, Shenzhen Capital Group Manufacturing Transformation and Upgrading New Materials Fund (L.P.), a fund managed by Shenzhen Capital Group Hongtu Equity Investment Management (Shenzhen) Co., Ltd. for CNY 379,999,995.60, China Structural Reform Fund Co., Ltd., a fund managed by Chengtong Fund Management Co., Ltd. for CNY 299,999,997.40, and other investors, Caitong Fund Management Co., Ltd. for CNY 128,999,994.40, JPMorgan Chase Bank, National Association for CNY 52,999,998.60, Jinan Hanxiang Investment Management Partnership Enterprise (Limited Partnership) for CNY 39,999,999.10, Nuode Asset Management Co., Ltd. for CNY 38,999,998.50, Time Publishing and Media Co., Ltd. for CNY 37,999,997.90, China International Capital Corporation Limited for CNY 36,700,018.70.

and new individual investor, Guo Yanchao for CNY 75,999,995.80. Post the closing of the transaction, Triumph Science and Technology Group Co., Ltd. owns 243,062,690 shares, accounting for 25.73% stake, Shenzhen Capital Group Manufacturing Transformation and Upgrading New Materials Fund (L.P.) owns 45,783,132 shares, accounting for 4.85% stake, China Structural Reform Fund Co., Ltd. owns 36,144,578 shares, accounting for 3.83% stake, Guo Yanchao owns 11,778,426 shares, accounting for 1.25% stake. The registration procedures for the newly issued shares were completed at China Securities Depository and Clearing Co., Ltd. Shanghai Branch, and received the Securities change registration certificate issued by China Securities Depository and Clearing Co., Ltd. Shanghai Branch on November 15, 2022.

After deducting the expenses related to the issuance fee of CNY 12,995,167.61, the net proceeds received by company was CNY 1,487,004,827.69 in the transaction.