On February 5, 2021, Beijing SOJO Electric Co., Ltd. (SZSE:300444) closed the transaction. The company has issued 139,534,883 A shares of par value, CNY 1 at a price of CNY 4.30 per share for gross proceeds of CNY 599,999,996.90 in the transaction. The transaction included participation from Beijing Hefatong Investment Center Limited Partnership for 3,488,372 shares, Wu Guoping for 2,325,581 shares, Yang Rong for 2,558,138 shares, Yang Tingdong for 11,627,906 shares, Invengo Information Technology Co., Ltd (SZSE:002161) for 11,604,651 shares, Zhou Peng for 2,558,139 shares, Zhang Jun for 2,325,581 shares, Ruan Jin for 34,418,604 shares, Shenyang Ganghui Trading Co., Ltd. for 24,906,976 shares, Xinjiang Xinjialong Investment Holdings Co., Ltd. for 23,255,813 shares, Panjin Longqiang Industrial Co., Ltd. for 17,441,860 shares, China Industrial Securities Global Fund Management Co., Ltd. for 2,046,511 sharesand Shenzhen Shengfeng Fund Management Co., Ltd. for 976,751 shares.

The company has incurred expenses of CNY 13,207,603.70 in the transaction and received net proceeds of CNY 586,792,393.20, of which the registered capital was increased by CNY 139,534,883.00, and the capital reserve was increased by CNY 447,257,510.20.