On May 27, 2021, Beijing Hezong Science & Technology Co., Ltd. (SZSE:300477) closed the transaction. The company issued 249,846,509 shares at an issue price of CNY 4.02 for gross proceeds of CNY 1,004,382,966.18. The transaction included participation from new investors Jiangsu Huaihai New Energy Vehicle Co.,Ltd. for 12,437,810 shares for CNY 49,999,996.20 for 1.15% stake; China Energy Innovation Stock Securities Investment Fund, a fund managed by China Asset Management Co., Ltd. for 14,925,373 shares for CNY 59,999,999.46 for 1.38% stake; The securities industry supports the development of private enterprises series of Cinda Securities Heying No.

1 hierarchical collective asset management plan of Cinda Securities Company Limited for 101,990,049 shares for CNY 409,999,996.98 for 9.42% stake; Sichuan Puxin Chanrong Investment Limited Liability Company for 14,925,373 shares for CNY 59,999,999.46 for 1.38% stake; and Liu Yan for 14,925,373 shares for CNY 59,999,999.46, as well as Taikang Life Insurance Co., Ltd.-Dividends-Individual Dividend Products, Taikang Life Insurance Co., Ltd. Participating Insurance Products, Taikang Life Insurance Co., Ltd. Toulian Innovation Power Investment Account of Taikang Asset Management Co., Ltd. for 27,711,441 shares for CNY 111,399,992.82; Nanhua Optimal No. 3 Single Asset Management Plan, Nanhua Optimal No. 4 Single Asset Management Plan, Nanhua Optimal No.

6 Single Asset Management Plan, Nanhua Optimal No. 7 Single Asset Management Plan, Nanhua Optimal No. 8 Single Asset Management Plan, Nanhua Optimal No.

9 Single Asset Management Plan, and Nanhua Optimal No. 10 Single Asset Management Plan of Nanhua Fund Management Co., Ltd., for 995,024 shares for CNY 3,999,996.48, 1,990,050 shares for CNY 8,000,001, 1,243,782 shares for CNY 5,000,003.64, 1,492,538 shares for CNY 6,000,002.76, 497,512 shares for CNY 1,999,998.24 , 248,756 shares for CNY 999,999.12, 995,024 shares for CNY 3,999,996.48 respectively; First State Cinda Essence Flexible Configuration Hybrid Securities Investment Fund, First State Cinda New Energy Industry Equity Securities Investment Fund, First State Cinda Advanced Intelligent Manufacturing Equity Securities Investment Fund, First State Cinda Core Technology Hybrid Securities Investment Fund, First State Cinda Technology Innovation regularly opens hybrid securities investment funds for one year, First State Cinda Research Optimal Hybrid Securities Investment Fund, First State Cinda New Energy Industry Equity Securities Investment Fund, funds managed by First State Cinda Fund Management Co. Ltd. for 300,995 shares for CNY 1,209,999.90, for 4,982,588 shares for CNY 20,030,003.76, for 796,020 shares for CNY 3,200,000.40, 236,318 shares for CNY 949,998.36 , 567,164 shares for CNY 2,279,999.28, 579,601 shares for CNY 2,329,996.02 respectively; Guosen Securities Co., Ltd. (SZSE:002736) for 9,950,248 shares for CNY 39,999,996.96; Ningbo Ronbay New Energy Technology Co., Ltd. (SHSE:688005) for 7,462,686 shares for CNY 29,999,997.72; Sichuan Guojing Capital Holding Co., Ltd. for 3,731,343 shares for CNY 14,999,998.86; Xuanling C No.

2 Private Equity Securities Investment Fund, a fund managed by Shanghai Xuanling Asset Management Co., Ltd for 2,985,076 shares for CNY 12,000,005.52; Guo Qian for 7,462,686 shares for CNY 29,999,997.72; Zhang Xuehua for 7,462,686 shares for CNY 29,999,997.72; Xue Xiaohua for 3,980,099 shares for CNY 15,999,997.98; and Zhao Hui for 4,970,894 shares for CNY 19,982,993.88. The company incurred expenses of CNY 32,573,465.08 and received net proceeds of CNY 971,809,501.10.