On June 26, 2023, Longrui Sanyou New Energy Automobile Technology Co., Ltd closed the transaction. The transaction will include participation from new investors Beijing Public Transport Holdings (Group) Ltd., Beijing Huashang Sanyou New Energy Technology Co., Ltd. and GCL Ruitong Intelligent Charging Technology Co., Ltd. and returning investor Beijing Bashi Media Co., Ltd. Prior Capital increase, Beijing Bashi Media Co., Ltd. holds 40% stake, Beijing Huashang Sanyou New Energy Technology Co., Ltd. holds 35% stake and GCL Ruitong Intelligent Charging Technology Co., Ltd. holds 25% stake. Post Capital increase, Beijing Bashi Media Co., Ltd. will hold 51% stake, Beijing Huashang Sanyou New Energy Technology Co., Ltd. will hold 20.99% stake, GCL Ruitong Intelligent Charging Technology Co., Ltd. will hold 14.99% stake and Beijing Public Transport Holdings (Group) Ltd. will hold 13.02% stake.