On April 25, 2022, Blivex Energy Technology Co., Ltd closed the transaction. The company issued 144,508,670 RMB ordinary shares at a price per share of CNY 1.73 for gross proceeds of CNY 249,999,999.10. The transaction included participation from Gao Baoqing for 40,462,440 shares and CNY 70,000,021.20 , Changde Deyuan Investment Co., Ltd. for 10,693,641 shares and CNY 18,499,998.93, CCB Fund Management Co., Ltd. for 3,179,190 shares and CNY 5,499,998.70, Chen Yichao for 14,739,884 shares and CNY 25,499,999.32, Caitong Fund Management Co., Ltd. for 13,005,779 shares and CNY 22,499,997.67, Yu Zhenhuan for 8,670,520 shares and CNY 14,999,999.60, Xue Xiaohua for 3,468,208 shares and CNY 5,999,999.84, Chengdu Lihua Investment Co., Ltd.through its Lihua Dingzeng Chongyang Private Equity Investment Fund for 6,936,416 shares and CNY 11,999,999.68, Nuode Fund Management Co., Ltd. for 21,040,454 shares and CNY 36,399,985.42, Qingdao Luxiu Investment Management Co., Ltd.through Luxiu Reindeer No.

16 Private Securities Investment Fund for 8,670,520 shares and CNY 14,999,999.60, Chen Dingfeng and Chen Songfu for 6,820,809 shares and CNY 11,799,999.57 each. The company incurred underwriting fees, sponsor fees and other issuance expenses of CNY 17,400,951.57 (excluding VAT) and received net proceeds of CNY 232,599,047.53, of which CNY 144,508,670.00 is included in share capital, included in the capital reserve - share capital premium of CNY 88,090,377.53.