On November 4, 2022, Sichuan Huati Lighting Technology Co.,Ltd. closed the transaction. The company has received the verification report issued by Shinewing Certified Public Accountants. The company has issued 21,604,938 shares at an issue price of CNY 9.72 per share for gross proceeds of CNY 209,999,997.36.

The company has issue fee of CNY 10,009,433.96 and net proceeds of CNY 199,990,563.40. The transaction included participation from Tidesheng Investment Tailai No. 1 Private Securities Investment Fund for 6,378,600 shares, Taidesheng Investment Delai No.

1 Private Securities Investment Fund for 2,983,539 shares, funds managed by Beijing Taidesheng Investment Co., Ltd., Fei Dingyue for 2,057,613 shares, Fan Guangli for 1,028,806 shares, Qianying Value Growth No. 1 Private Securities Investment Fund, a fund managed by Shanghai Qianying Investment Management Co., Ltd. for 3,395,061 shares, Xue Xiaohua for 1,337,448 shares, Caitong Fund Management Co., Ltd. for 3,497,942 shares, Guangdong Zhenyuan Private Fund Management Co., Ltd.-Guangdong Zhenyuan Fund-Dingzhen No. 1 Private Securities Investment Fund for 925,929 shares.