On July 28, 2022, Shenzhen Yitoa Intelligent Control Co.,Ltd. closed the transaction. The company has issued 64,017,659 shares at a price of CNY 4.53 per share for gross proceeds of CNY 289,999,995.27. The transaction included participation from Caitong Fund Management Co., Ltd. for 25,386,313 shares, Nuode Asset Management Co., Ltd. for 20,971,302 shares, AEGON-Industrial Fund Management Co., Ltd. for 4,415,011 shares, individual investors also participated, including Peng Xu for 8,830,022 shares and Xie Kai for 4,415,011 shares.

All the shares issued in the transaction will subject to lock-up period of six months. The company paid issue fees of CNY11,537,259.93 in the transaction.