On December 7, 2022, Suwen Electric Energy Technology Co.,Ltd. closed the transaction. The company has issued 30,681,188 A shares and received CNY 1,388,630,568.88 in the transaction. The company has paid issuance expenses of CNY 23,084,604.61, and received net amount of CNY 1,365,545,964.27, of which the newly increased share capital is CNY 30,681,188.00 and CNY 1,334,864,776.27 was added into capital reserve.

The transaction included participation from Caitong Fund Management Co., Ltd. for 5,287,475 shares, for proceeds of CNY 239,311,118.50, Nuode Asset Management Co., Ltd. for 3,578,656 shares, for proceeds of CNY 161,969,970.56, Wei Wei for 2,209,456 shares, for proceeds of CNY 99,999,978.56, and other investors.