On December 27, 2021, Shenzhen Minkave Technology Co., Ltd. closed the transaction. The company issued 40,550,793 shares at a price of CNY 6.3 per share for gross proceeds of CNY 255,469,995.90 in the transaction. The transaction included participation from Wang Chiping for 3,174,603 shares for CNY 19,999,999, UBS Group AG for 3,174,603 shares for CNY 19,999,999, AEGON-Industrial Fund Management Co., Ltd. for 5,555,555 shares for CNY 34,999,997, Lin Jintao for 1,587,301 shares for CNY 9,999,996, Caitong Fund Management Co., Ltd. for 2,063,492 shares for CNY 13,000,000, new investor Lü Qiang for 6,349,206 shares for CNY 39,999,998 representing 0.91% stake, new investor Chen Chuanxing for 6,190,476 shares for CNY 38,999,999 representing 0.89% stake, Light Salt Zhixuan No.

18 Private Securities Investment Fund, a fund managed by Hunan Light Salt Venture Capital Management Co., Ltd. for 3,809,523 shares for CNY 23,999,995, Dong Weiguo for 1,587,301 shares for CNY 9,999,996, BYD Company Limited for 4,761,904 shares for CNY 29,999,995 and Yu Haiheng for 2,296,829 shares for CNY 14,470,023. The company paid CNY 8,820,708.22 and received net proceeds of CNY 246,649,287.68 in the transaction.