On August 17, 2021, Jiangsu Shemar Electric Co.,Ltd closed the transaction. The company has issued 32,218,837 shares for gross proceeds of CNY 423,999,894.92. The transaction included participation from Nantong Sutong Integrated Circuit Major Industrial Project Investment Fund Partnership for 7,598,784 shares, Cathay Pacific Fund Management Co., Ltd. for 1,975,683 shares, Nantong Industries Holding Group Co., Ltd. for 3,799,392 shares, Longyan Xinda Equity Investment Center for 2,279,635 shares, Nuode Asset Management Co., Ltd. for 1,519,756 shares, Caitong Fund Management Co., Ltd. for 4,407,294 shares, South Tianchen (Beijing) Investment Management Co., Ltd. for 2,279,635 shares, Ningbo Ningju Asset Management Center (Limited Partnership) for 759,878 shares, Zhejiang Enjoy Investment Management Co,.

Ltd. for 759,878 shares, Shanghai Boshen Investment Center (Limited Partnership) for 1,139,817 shares, CITIC Capital (Shenzhen) Investment Management Co., Ltd. for 1,519,756 shares, also included individual investors Niu Xiaotao for 1,139,817 shares, Yang Yuezhi for 1,519,756 shares and Guotai Junan Securities Co., Ltd. for 1,519,756 shares. The company paid expenses of CNY 5,716,837.75 and received net proceeds of CNY 418,283,057.17 of which CNY 32,218,837 will go to registered capital and CNY 386,064,220.17 to capital reserve.