On June 13, 2024, Ningbo Deye Technology Group Co., Ltd., closed the transaction. The company issued 35,997,120 shares at a price of CNY 55.56 per share for the gross proceeds of CNY 1,999,999,987.2. As a part of the transaction, the company issued CNY 8,249,002.89 as issuance expense. The transaction included participation from new investors, UBS Group AG for 3,293,736 shares for CNY 182,999,972.16, Nuode Asset Management Co., Ltd. for 4,355,651 shares for CNY 241,999,969.56, J.P. Morgan Securities plc for 2,915,766 shares for CNY 161,999,958.96, Caitong Fund Management Co., Ltd. for 2,519,798 shares for CNY 139,999,976.88, Guotai Junan Securities Co., Ltd. for 2,303,815 shares, for CNY 127,999,961.40, China Pacific Life Insurance Co., Ltd.-Dividends-Personal Dividends for 2,195,824 shares for CNY 121,999,981.44, Wuxi Qinfeng Xinyi Consulting Partnership for 2,159,827 for CNY 119,999,988.12, Zhong Ou Fund Management Co., Ltd for 1,565,883 shares for CNY 87,000,459.48, China Pacific Property and Casualty Insurance Co., Ltd. - Traditional - General Insurance Products for 1,097,912 for CNY 60,999,990.72 , Shanghai State-owned Enterprise Reform and Development Phase III Private Equity Investment Fund Part for 1,079,913 shares for CNY 59,999,966.28, Quanguo Fund Management Co., Ltd. for 1,079,913 shares for CNY 59,999,966.28, China Life Asset King 56 Carbon Neutrality Enhanced Insurance Asset Management Products for 1,079,913 shares for CNY 59,999,966.28, Cathay Fund Management Co., Ltd. for 1,079,913 shares for CNY 59,999,966.28, Huatai Asset Management Co., Ltd.-Tianan Life Insurance Co., Ltd.-Huatai Multi-Asset Portfolio for 1,079,913 shares for CNY 59,999,966.28, Huatai Asset Management Co., Ltd.-Huatai Youyi Equity Special Pension Product-Agricultural Bank of China Limited for 1,079,913 shares for CNY 59,999,966.28, Ruiyang Emerging Growth Private Equity Investment Fund for 1,079,913 shares for CNY 59,999,966.28, Shanghai Baoyin Private Equity Fund Management Co., Ltd.-Baoyin Progressive No.

1 Private Equity Securities Investment Fund 1,079,913 shares for CNY 59,999,966.28. Xinchangyuan Xinchuangying Equity Investment Partnership (Limited Partnership) for 3,149,748 shares for CNY 174,999,998.88, Tianan Life Insurance Co., Ltd.-Traditional Products for 1,799,856 shares for CNY 99,999,999.36