On March 3, 2023, Hefei Taihe Optoelectronic Technology Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company issued 31,329,758 shares at an issue price of CNY 11.19 per share for gross proceeds of CNY 350,579,992.020.

The transaction included participation from new investors, Tongling Hesheng Industry Development Fund Partnership Enterprise (Limited Partnership), a fund managed by Founder H Fund Co., Ltd. for 79,999,995.60 shares, CNY 7,149,240 proceeds and 3.880% stake, Shanghai Zhongjue Private Fund Management Co., Ltd.-Zhongjue Private Placement No. 2 Private Securities Investment Fund for 18,999,993.36 shares and CNY 1,697,944 proceeds, Shanghai Junyi Investment Management Co., Ltd.-Junyi Lianghua No. 2 Fund for 11,999,999.34 shares and CNY 1,072,386 proceeds, Nuode Asset Management Co., Ltd. for 82,999,989.84 shares, CNY 7,417,336 proceeds and 4.03% stake, China Asset Management Co., Ltd. for 37,999,997.91 shares, CNY 3,395,889 proceeds and 1.84% stake, UBS AG for 24,999,993.03 shares and CNY 2,234,137 proceeds, Beijing Xinleda Investment Management Co., Ltd.-Xinleda Growth No.

3 Private Securities Investment Fund for 19,580,027.01 shares and CNY 1,749,779 proceeds, individual investors, Lin Suzhen for 11,999,999.34 shares and CNY 1,072,386 proceeds, Guo Peng for 11,999,999.34 shares and CNY 1,072,386 proceeds and Ding Xingcheng for 49,999,997.25 shares, CNY 4,468,275 proceeds and 2.42% stake post completion of the transaction.