On August 9, 2022, Changchun FAWAY Automobile Components Co.,Ltd closed the transaction. The company has issued 59,460,074 A shares, with a par value of CNY 1.00 per share, at an issue price of CNY 10.68 per share for gross proceeds of CNY 635,033,590.32. After deducting various issuance expenses of CNY 11,921,986.12, the net amount of funds raised is CNY 623,111,604.20, of which CNY 59,460,074 added into share capital, and CNY 563,651,530.20 added into capital reserve.