On May 31, 2023, Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd. closed the transaction. The company amended the terms of the transaction, and the company has issued 20,120,724 shares at an issue price of CNY 24.85 per share for gross proceeds of CNY 499,999,991.40. The company paid finders fees of CNY 12,037,849.73 in cash.

The transaction included participation from new investors Guangdong Zhenyuan Private Fund Management Co., Ltd.-Guangdong Zhenyuan Fund-Dingzhen No. 1 Private Securities Investment Fund, holding 603,621 shares for CNY 14,999,981.85, Shanghai Zen Mdt InfoTech Ltd.-Shanding Zen Mdt No. 2 Private Securities Investment Fund, holding 603,621 shares for CNY 14,999,981.85, UBS AG, holding 603,621 shares for CNY 14,999,981.85, Huatai Asset Management Co., Ltd.-Huatai Asset Huatai Steady Gain Asset Management Products, holding 603,621 shares for CNY 14,999,981.85, Huatai Asset Management Co., Ltd. Huatai Asset Steady Win Growth Return Asset Management Products, holding 603,621 shares for CNY 14,999,981.85, Huatai Asset Management Co., Ltd.-Huatai Preferred No.

3 Stock-Type Pension Products, holding 603,621 shares for CNY 14,999,981.85, Huatai Asset Management Co., Ltd.-Huatai Youyi Stock-Specific Pension Products, holding 603,621 shares for CNY 14,999,981.85, Tianan Life Insurance Co., Ltd. of China-Dividend Products, holding 804,828 shares for CNY 19,999,975.8, Huayou Health Investment Co., Ltd., holding 603,621 shares for CNY 14,999,981.85, China Asset Management Co., Ltd., holding 1,287,726 shares for CNY 31,999,991.1, Nuode Asset Management Co., Ltd., holding 4,828,973 shares for CNY 119,999,979.05 for 4.63% stake, Hunan Light Salt Venture Capital Management Co., Ltd.-Light Salt Zhixuan No. 36 Private Securities Investment Fund, holding 684,104 shares for CNY 16,999,984.4, Caitong Fund Management Co., Ltd., holding 4,305,845 shares for CNY 107,000,248.25 for 4.13% stake, individual investors Yang Yin, holding 603,621 shares for CNY 14,999,981.85, He Weizheng, holding 764,587 shares for CNY 18,999,986.95, Wei Wei, holding 2,012,072 shares for CNY 49,999,989.20 for 1.93% stake.