On November 16, 2023, Baoding Lucky Innovative Materials Co.,Ltd closed the transaction. The company has now issued 179,487,179 A shares at an issue price of CNY 11.70 per share for the gross proceeds of CNY 2,099,999,994.30. The company has paid issuance fees of CNY 27,769,327.46 and the net proceeds is CNY 2,072,230,666.84.

Prior to the issuance, as of October 31, 2023, China Aerospace Investment Holdings Ltd. owns 69,955,110 shares in the company, accounting for 10.50% stake. After the issuance, China Aerospace Investment Holdings Ltd. owns 78,502,118 shares, accounting for 9.29% stake in the company, National Survey Phase II Cooperative Development Fund Co., Ltd. owns 42,735,042 shares, accounting for 5.05% stake, Nuode Asset Management Co., Ltd. owns 37,179,487 shares, accounting for 4.40% stake and Caitong Fund Management Co., Ltd. owns 32,478,632 shares, accounting for 3.84% stake. The transaction included participation from new investors China Aerospace Investment Holdings Ltd. for 8,547,008 shares for CNY 99,999,993.60, Nuode Asset Management Co., Ltd. for 37,179,487 shares for CNY 434,999,997.90, Caitong Fund Management Co., Ltd. for 32,478,632 shares for CNY 379,999,994.40, National Military and Civilian Integration Industry Investment Fund Co., Ltd. managed by Huihua Fund Management Co., Ltd. for 13,675,217 shares for CNY 160,000,038.90, North Industries Group Guodiao (Shenzhen) Equity Investment Fund Partnership (L.P.) managed by North Industries Group Investment Management Company LTD. for 10,683,760 shares for CNY 124,999,992, Hainan Zongguan Private Fund Management Co., Ltd. for 5,128,205 shares for CNY 59,999,998.50, National Survey Phase II Cooperative Development Fund Co., Ltd. for 42,735,042 shares for CNY 499,999,991.40, China Venture Capital (Beijing) Intelligent Manufacturing Transformation and Upgrade Fund (Limited Partnership for 17,094,017 shares for CNY 199,999,998.90, Nanjing Frierson Investment Partnership (L.P.) for 6,837,606 shares for CNY 79,999,990.20 and Sichuan Tianfu Hongwei Military-Civil Integration Industry Development Equity Investment Fund Partnership Enterprise (Limited Partnership) for 5,128,205 shares for CNY 59,999,998.50.