On February 12, 2022, Hefei Metalforming Intelligent Manufacturing Co., Ltd. closed the transaction. The company amended the transaction and issued 55,845,145 ordinary shares in a non-public manner, with an issue price of CNY 7.89 per share, raising a total of CNY 440,618,194.05, deducting the issuance costs were CNY 6,605,685.93, and the net amount of funds raised was CNY 434,012,508.12. The transaction included participation from UBS Group AG for 5,069,708 shares, Nuode Fund Management Co., Ltd. for 5,576,679 shares, Guosen Securities Co., Ltd. for 1,345,780 shares and individual investor Guo Weisong for 43,852,978 shares.
The transaction has been approved by the China Securities Regulatory Commission's Securities Regulatory Commission Document [2021] No. 3322.