On December 9, 2021, Jiangxi Huawu Brake Co.,Ltd. closed the transaction. The company has issued 41,379,310 common shares at a price of CNY 14.5 per share for gross proceeds of CNY 599,999,995. The transaction included participation from Cathay Fund Management Co., Ltd. for 9,379,310 for CNY 135,999,995.00, China Southern Asset Management Co., Ltd. for 8,827,590 for CNY 128,000,055, Guangdong Tianchuang Private Securities Investment Fund Management Co., Ltd.-Tianchuang Xianzhe No.

6 Private Securities Investment Fund for 8,275,862 for CNY 119,999,999.00, UBS Group AG for 3,448,275 shares for CNY 49,999,987.50, Caitong Fund Management Co., Ltd. for 3,103,448 shares for CNY 44,999,996, Guangdong Tianchuang Private Securities Investment Fund Management Co., Ltd.-Tianchuang Opportunity No. 15 Private Securities Investment Fund for 2,758,620 shares for CNY 39,999,990.00, Shanghai Yingshui Investment Management Co., Ltd.-Yingshui Taishun No. 1 Private Securities Investment Fund for 1,448,275 shares for CNY 20,999,987.50, Qingdao Fanyi Asset Management Co., Ltd. - Fanyi Duo Strategy and Time Together No.

2 Private Securities Investment Fund for 1,379,310 for CNY 19,999,995.00, Hui'an Fund Management Co., Ltd. for 1,379,310 shares for CNY 19,999,995.00, and Xiong Hong for 1,379,310 shares for CNY 19,999,995.00. The company incurred expenses of CNY 20,481,132.00 and received net proceeds of CNY 579,518,863 in the transaction.