On November 4, 2021, Shenzhen Tongyi Industry Co., Ltd. closed the transaction. The company announced that it has issued 30,319,762 shares at an issue price of CNY 20.50 per share for gross proceeds of CNY 621,555,121. The company had an issue expenses of CNY 14,415,043.37 and net proceeds of CNY 607,140,077.63.

The transaction included participation from Bian Yaoan for 1,463,414 shares, Zhanfu Fengshun No. 2 Private Securities Investment Fund, a fund managed by Guangdong Zhanfu Asset Management Co., Ltd. for 3,121,951 shares, Dongtai City Huijin Xinte Industrial Investment Fund (Limited Partnership) for 4,878,048 shares, new investors Dongtai City Huijin Xinte Industrial Investment Fund (Limited Partnership), Dongtai Guochuang Technology Industry Investment Partnership (Limited Partnership) for 4,878,048 shares each and for 2.68% stake each, Lin Jintao 926,829 shares, Milestone Scenic No. 1 Investment Fund, a fund managed by Shanghai Milestone Asset Management Co., Ltd. for 878,048 shares, Ganzhou Development Dingzeng No.

2 Investment Partnership Enterprise (Limited Partnership), Xinfeng High-Tech Zone Investment Development Co., Ltd. for 5,853,658 shares each and for 3.22% stake, Nuode Fund Pujiang No.96 Single Asset Management Plan, Nuode Fund Pujiang No. 202 Single Asset Management Plan, Nuode Fund Pujiang No. 223 Single Asset Management Plan, Nuode Fund Equity and Debt Balance No.

1 Single Asset Management Plan, funds managed by Nuode Asset Management Co., Ltd. for 878,048 shares, Ganzhou Yangtai Investment Partnership (Limited Partnership) for 1,588,060 shares.