On February 13, 2023, Sichuan Kexin Mechanical and Electrical Equipment Co.,Ltd closed the transaction. The company issued 42,324,271 Shares at an issue price of CNY 13.72 per Share for the gross proceeds of CNY 580,688,998.12. The transaction included participation from Qiu Yaping for 1,530,612 shares for CNY 20,999,996.64, Tian Wanbiao for 1,457,725 shares for CNY 19,999,987, UBS AG for 2,988,338 shares for CNY 40,999,997.36, Caitong Fund Management Co., Ltd. for 12,440,897 shares for CNY 170,689,106.84, Jiangsu Ruihua Investment Management Co., Ltd. for 3,717,201 shares for CNY 50,999,997.72, Nuode Asset Management Co., Ltd. for 3,425,655 shares for CNY 46,999,986.60, Donghai Funds Management Co., Ltd. for 1,311,953 shares for CNY 17,999,995.16, Guotai Junan Securities Co., Ltd. for 1,749,271 shares for CNY 23,999,998.12, Taikang Life Insurance LLC- Investment Linked - Industry Choice for CNY 1,311,953 shares for CNY 17,999,995.16, Taikang Asset Juxin Stock-Specific Pension Products - Bank of China Limited for 1,311,953 shares for CNY 17,999,995.16,Taikang Pension & Insurance Co., Ltd.-General Account Special Investment Portfolio B for 2,186,588 shares for CNY 29,999,987.36, Taikang Pension & Insurance Co., Ltd. -Dividend Type Insurance Special Investment Portfolio B for 1,457,725 shares for CNY 19,999,987.00, Taikang Life Insurance LLC - Dividend-Personal Dividend Products for 2,186,588 shares for CNY 29,999,987.36,Allianz Insurance Asset Management Company Limited for 1,311,953 shares for CNY 17,999,995.16, Sichuan Lanjian Investment Management Co., Ltd. for 2,551,020 for CNY 34,999,994.40, CITIC Securities Co., Ltd. for 1,384,839 shares for CNY 18,999,991.08.

The company has disclosed the issue expenses of CNY 14,868,938.76. Post completion, UBS AG have 2,988,338 shares and 1.09% stake and Sichuan Lanjian Investment Management Co., Ltd. for 2,551,020 shares and 0.93% stake.