On August 24, 2021, Anhui Quanchai Engine Co., Ltd. closed the transaction. The company issued 66,844,919 shares at CNY 11.22 per share for gross proceeds of CNY 749,999,991.18. The shares are subject to sales restrictions.

Among them, the shares subscribed by returning investor Anhui Quanchai Group Co., Ltd. shall not be transferred within 36 months from the date of the end of the issuance, and the shares subscribed by other issuance objects cannot be transferred within 6 months from the date of closing. The transaction included participation from Anhui Quanchai Group Co., Ltd. for 22,941,176 shares for CNY 257,399,994.72, China Galaxy Securities Co., Ltd. for 12,032,085 shares for CNY 134,999,993.70, Tibet RuiHua Capital Management Co., Ltd. for 4,545,454 shares for CNY 50,999,993.88 and other investors. The total share capital of the company increased from 368,755,000 shares to 435,599,919 shares.

The company received a net proceed of CNY 740,342,121.88.