On November 22, 2021, SZZT Electronics CO.,LTD closed the transaction. The company issued 99,205,980 shares at a price of CNY 5.68 per share for gross proceeds of CNY 563,489,966.40. The transaction includes participation from Shenzhen Hi-tech Investment Big Data Investment Partnership Enterprise (Limited Partnership) for 26,494,718 shares, Caitong Fund Management Co., Ltd. for 15,228,873 shares, China International Capital Corporation Limited for 9,330,985 shares, Cui Gangxian for 8,802,816 shares, Zhang Ti for 8,802,816 shares, Wang Aijuan for 8,802,816 shares, JPMorgan Chase Bank, National Association for 6,514,084 shares, Hengqin Guangjin Meihao Fund Management Co., Ltd. (representing Guangjin Meihao Volcano No.

3 Private Securities Investment Fund) for 5,792,253 shares, Shenzhen Kefa Qihang No. 1 Private Equity Investment Fund Partnership Enterprise (Limited Partnership) for 5,035,211 shares and Mou Lide for 4,401,408 shares. The registration procedures for the newly issued shares were completed at China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.

Post the closing, Shenzhen Hi-tech Investment Big Data Investment Partnership Enterprise (Limited Partnership) will hold 4.31% stake, Cui Gangxian 1.43%, Wang Aijuan 1.43% and Zhang Ti 1.43%.