On March 26, 2024, Chongqing Shunbo Aluminum Co.,Ltd. closed the transaction. The company amended the terms of the transaction and issued 75,949,367 shares at a price of CNY 7.90 per share for the gross proceeds of CNY 599,999,999.3. The transaction included participation from new investors such as Chongqing Rongxin Environmental Protection Industry Equity Investment Fund Partnership Ent. (L.P.) managed by Chongqing Environmental Fund Co., Ltd., Guotai Junan Securities Co., Ltd., Caitong Fund Management Co., Ltd., UBS AG, China Asset Management Co.

Ltd., Nuode Asset Management Co., Ltd., Ma'anshan Xingbo Industry Investment Co., Ltd. and individual investors such as Zhu Shengde, Zhu Guanliang, Chen Fei, Chen Songquan, Xue Xiaohua and Zhou Haihong. The company incurred issue expense of CNY 6,703,873.88 in the transaction.