On December 22, 2022, Shougang Zhixin Qian'an Electromagnetic Material Co., Ltd. closed the transaction. The transaction included participation from returning investor Beijing Shougang Co., Ltd., Beijing Chengtong ICBC Equity Investment Fund (L.P.), a fund managed by Gongying Capital Management Co., Ltd., Beijing-Tianjin-Hebei Industrial Cooperative Development Investment Fund, a fund managed by China Development Bank Manufacturing Transformation and Upgrade Fund (Limited Partnership), Guotou China Merchant Investment Management Co., Ltd., ICBC Financial Asset Investment Co., Ltd. and other.