On July 1, 2021, Yingkou Jinchen Machinery Co., Ltd. closed the transaction. The transaction included participation from Caitong Fund Management Co., Ltd. for 984,395 shares for gross proceeds of CNY 36,599,806.10, UBS (China) Limited for 672,404 shares for gross proceeds of CNY 24,999,980.72, Hunan Avatar Investment Co., Ltd. for 537,923 shares for gross proceeds of CNY 19,999,977.14, Nuode Asset Management Co., Ltd. for 618,609 shares for gross proceeds of CNY 22,999,882.62, China Securities Investment Fund Management Co., Ltd. for 323,302 shares for gross proceeds of CNY 12,020,368.36, Hengtai Securities Company Limited, Investment Arm for 403,442 shares for gross proceeds of CNY 14,999,973.56, China Galaxy Securities Co., Ltd., Investment Arm for 1,748,251 shares for gross proceeds of CNY 64,999,972.18, Gongqingcheng Selected Gaocheng Equity Investment Partnership (Limited Partnership) for 322,754 shares for gross proceeds of CNY 11,999,993.72, individual investor Hang Hong for 4,034,427 shares for gross proceeds of CNY 149,999,995.86, and Guosen Securities Co., Ltd., Investment Arm. for 575,041 shares for gross proceeds of CNY 21,380,024.38. The company issued 10,220,548 shares at a price of CNY 37.18 per share for gross proceeds of CNY 379,999,974.64 in the transaction. The company paid issuance cost of CNY 12,021,151.47 and receive net proceeds of CNY in the transaction. As a result, company's share capital was increased by CNY 10,220,548.00, and the capital reserve was increased by CNY 357,758,275.17. All shares issued in the transaction are subject to a lock-up period of 6 months.