On January 15, 2021, Suzhou Maxwell Technologies Co., Ltd. (SZSE:300751) closed the transaction. The company paid an aggregate of CNY 3,811,320.75 for issuance expenses and raised net proceeds of CNY 604,688,676.75 in the transaction. Out of the total gross proceeds, CNY 5,041,425 is added to the registered capital of the company, and CNY 599,647,251.75 is added to the capital reserve. Post closing, Zhou Jian's stake in the company increased from 20.25% to 23.45%, and Wang Zhenggen's stake in the company increased from 15.66% to 18.11%.