On November 1, 2022, Zhejiang Viewshine Intelligent Meter Co.,Ltd closed the transaction. The company issued 25,275,376 shares at an issue price of CNY 15.01 per share for aggregate gross proceeds of CNY 379,383,393.76. The transaction included participation from Fang Liang for 5,329,780 shares, Lv Feibiao for 3,197,868 shares, Guan Zhibo for 5,329,780 shares, Li Hua for 5,529,646 shares, Jiang Minchao for 2,998,001 shares, Shu Yuqiang for 2,664,890 shares and Zhang Jianfei for 225,411 shares.

The company incurred issuance fees of CNY 7,193,656.02 and received net proceeds of CNY 372,189,737.74.