On November 9, 2022, China Southern Power Grid Energy Storage Co., Ltd. closed the transaction. The company issued 630,575,243 shares at an issue price of CNY12.69 per share for the gross proceeds of CNY8,001,999,833.67. The transaction included participation from China Structural Reform Fund Co., Ltd. for 157,604,412 shares for CNY 1,999,999,988.28, China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd. for 63,829,787 shares for CNY 809,999,997.03, Guangdong Henghui Equity Investment Fund (Limited Partnership) for 63,041,765 shares for CNY 799,999,997.85, Shanghai Dingwei New Energy Private Investment Fund Partnership Enterprise (Limited Partnership) for 47,281,323 shares for CNY 599,999,988.87, Dongfang Electric Group Dongfang Electric Co., Ltd. for 42,553,191 shares for CNY 539,999,993.79, Harbin Electric Machinery Company Limited for 39,401,103 shares for CNY 499,999,997.07, Caitong Fund Management Co., Ltd. for 33,727,344 shares for CNY 427,999,995.36, Guoxin New Pattern (Beijing) Private Securities Fund Management Co., Ltd. - Guoxin Central Enterprise New Development Pattern Private Securities Investment Fund for 23,640,661 shares for CNY 299,999,988.09, Guoxin Investment Co., Ltd. for 23,640,661 shares for CNY 299,999,988.09, Beijing Taidesheng Private Fund Management Co., Ltd.-Taidesheng Investment Tailai No.

3 Private Securities Investment Fund for 21,276,595 shares for CNY 269,999,990.55, Ningbo Renqing Private Fund Management Co., Ltd.-Renqing Renhe No. 2 Private Securities Investment Fund for 14,184,397, shares for CNY 179,999,997.93, UBS AG for 12,450,748 shares for CNY 157,999,992.12, Shanghai Shiyu Investment Management Co., Ltd.- Shiyu Phase VII Private Securities Investment Fund for 9,062,253 shares for CNY 114,999,990.57, Beijing Zhongke Dayang Technology Development Co., Ltd. for 8,668,242 shares for CNY 109,999,990.98, Ningbo Renqing Private Fund Management Co., Ltd.-Renqing No. 1 Private Securities Investment Fund for 8,274,231 shares for CNY 104,999,991.39, ABC-CA Fund Management Co., Ltd. for 8,037,825 shares for CNY 101,999,999.25, Guotai Asset Management Co., Ltd. for 8,037,825 shares for CNY 101,999,999.25, China Asset Management Co., Ltd. for 7,880,220shares for CNY 99,999,991.80, Changjiang Pension Insurance Co., Ltd.-Changjiang Golden Wanqing (Collective Type) Enterprise Annuity Plan-Pufa for 7,880,220 shares for CNY 99,999,991.80, Shenzhen Junyi Private Securities Fund Management Co., Ltd.-Junyi Qiliang Private Securities Investment Fund for 7,880,220 shares for CNY 99,999,991.80, Nuode Asset Management Co., Ltd. for 6,461,780 shares for CNY 81,999,988.20, Ouyang Zhuyu for 3,940,110 shares for CNY 49,999,995.90, Aeon Insurance Asset Management Co., Ltd.-Aeon Life Insurance Co., Ltd.- Dividend Insurance Products for 3,940,110 shares for CNY 49,999,995.90, Southern Asset Management Co., Ltd. for 3,940,110 shares for CNY 49,999,995.90, Changjiang Golden Boulevard (Collective Type) Enterprise Annuity Plan-China Construction Bank Corporation for 3,940,110 shares for CNY 49,999,995.90.