On January 13, 2022, Ceepower Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company issued 40,485,829 A shares at a price of CNY 9.88 per share for gross proceeds of CNY 399,999,991.

The company incurred issue fees of CNY 7,432,062.06. The transaction included participation from UBS Group AG for 1,518,218 shares for gross proceeds of CNY 14,999,993.84, Caitong Fund Management Co., Ltd. for 1,214,573 shares for gross proceeds of CNY 11,999,981.24, Xinyu Fengxuan Consulting Service Center (Limited Partnership) for 2,024,291 shares for gross proceeds of CNY 19,999,995.08, China Asset Management Co., Ltd. for 3,846,153 shares for gross proceeds of CNY 37,999,991.64, Shanghai Danyin Investment Management Center (Limited Partnership) - Danyin Preferred No. 1 Private Equity Investment Fund 1,214,574 shares for gross proceeds of CNY 11,999,991.12, Xiamen Tiantianniu Asset Management Co., Ltd.-Tiantianniu Tianying No.

3 Private Securities Investment Fund for 3,036,437 shares for gross proceeds of CNY 29,999,997.56, Zhang Jianfei for 7,085,020 shares for gross proceeds of CNY 69,999,997.60, Gudewei Technology Co., Ltd. for 2,024,291 shares for gross proceeds of CNY 19,999,995.08, Nuode Asset Management Co., Ltd. for 3,036,435 shares for gross proceeds of CNY 29,999,977.80, Jinjiang Chenhan Private Fund Management Co., Ltd.-Chenhan No. 2 Private Securities Investment Fund for 7,995,951 shares for gross proceeds of CNY 78,999,995.88, Xu Guoxin for 5,870,445 shares for gross proceeds of CNY 57,999,996.60, JT Asset Management Co., Ltd for 1,619,441 shares for gross proceeds of CNY 16,000,077.08. All the securities have a lock-up period of 6 months.