On August 4, 2022, Shanghai Liangxin Electrical Co.,LTD. closed the transaction. The company has amended the terms of the transaction and has now raised not more than 104,001,367 shares at an issue price of CNY 14.62 per share for gross proceeds of not more than CNY1,520,499,985.54. The company had issued expenses of CNY18,470,554.40.

The transaction included participation from Guosen Securities Co., Ltd. for 3,419,972 shares, Valin Jinshan (Tianjin) Industry Investment Fund Partnership Ent. (L.P.) for 3,419,972 shares, Valin Jinshan Industrial Investment Management Co., Ltd., Caitong Fund Management Co., Ltd. for 4,993,160 shares, CPIC Fund Management Co., Ltd. for 7,865,937 shares, First Sentier Investors (Uk) IM Limited for 3,419,972 shares, Guotai Junan Asset Management (Asia) Co. Ltd. for 22,708,618 shares, China Universal Asset Management Company Ltd. for 9,575,923 shares, Nuode Asset Management Co., Ltd. for 3,419,972 shares, Harfor Fund Management Co.

Ltd. for 5,745,554 shares, Jiangyin Addor Gaoxin Equity Investment Partnership Enterprise (Limited Partnership) for 5,471,956 shares and China Southern Asset Management Co., Ltd. for 1,470,593 shares. The shares have a holding period of 6 months.