On February 23, 2023, MeiG Smart Technology Co., Ltd closed the transaction. The company issued 21,208,503 shares at an issue price of CNY 28.46 per share for gross proceeds of CNY 592,930,468.640. The transaction included participation from new investors, China Asset Management Co., Ltd. for 2,529,866 shares, Nuode Asset Management Co., Ltd. for 2,494,729 shares along with participation from Invesco Great Wall Fund Management Co.

Ltd for 1,932,536 shares, Taikang Asset Management Co., Ltd.-Taikang Asset Juxin Stock Specialized Pension Products for 1,405,481 shares, China Huadian Capital Holdings Co. Ltd for 1,054,111 shares, UBS Group AG for 1,018,973 shares, China Securities Co., Ltd. for 983,836 shares, Huatai Asset Management Co., Ltd.-Huatai Youyi No. 5 Hybrid Pension Product-Bank of China Limited for 878,425 shares, Huatai Asset Management Co., Ltd.-Huatai Asset Management-Industrial Bank-Huatai Asset Value Selected Asset Management Product for 773,014 shares, Dalian Hairong Hi-Tech Venture Capital Management Co., Ltd. for 773,014 shares, Huatai Asset Management Co., Ltd.-Huatai Optimal No.

3 Stock-type Pension Products-Industrial and Commercial Bank of China Limited for 702,740 shares, Huatai Asset Management Co., Ltd.-Huatai Asset Management-China CITIC Bank-Huatai Asset Wenying Preferred Asset Management Product for 702,740 shares, Huatai Asset Management Co., Ltd.-Huatai Asset Management-Industrial Bank-Huatai Asset Huatai Steady Gain Asset Management Product for 702,740 shares, Huatai Asset Management Co., Ltd.-Huatai Asset Management-Guangzhou Rural Commercial Bank-Huatai Asset Value Preferred Asset Management Product for 702,740 shares, Hubei Gaotou Hanjiang Equity Investment Partnership Enterprise (Limited Partnership) for 702,740 shares, Shengang Securities Co., Ltd.-Shengang Securities Chuangyuan No. 15 Single Asset Management Plan for 702,740 shares, Shanghai Chunda Asset Management Co., Ltd.-Chunda Fix Increase Selected No. 10 Private Securities Investment Fund for 702,740 shares, Huatai Asset Management Co., Ltd.-Huatai Youyi Stock-Specific Pension Product-Agricultural Bank of China Limited for 702,740 shares, AEGON-Industrial Fund Management Co., Ltd. for 702,740 shares, Guangxi Yuwan Business Consulting Co., Ltd. for 702,740 shares and Caitong Fund Management Co., Ltd. for 337,118 shares.

The company incurred issuance fees of CNY 10,663,526.740.