On September 21, 2023, Bichamp Cutting Technology (Hunan) Co., Ltd. closed the transaction. The company issued 37,557,516 A shares at an issue price of CNY 16.19 per share for the gross proceeds of CNY 608,056,184.04. The company has disclosed the issue expenses of CNY 22,504,546.08. The transaction included participation from new investors Hunan Chasing Asset Management Co., Ltd. for 2,161,828 shares for CNY 34,999,995.32, Zhejiang Tanli Private Equity Fund Co., Ltd.- Tanli No 6 Private Securities Investment Fund for 1,235,330 shares for CNY 19,999,992.70, Zhengzhou Tongchuang Caijin Equity Investment Fund Partnership Enterprise (Limited Partnership) for 1,235,330 shares for CNY 19,999,992.70, Guotai Asset Management Co., Ltd. for 5,867,819 shares for CNY 94,999,989.61, Hunan Haopu Private Equity Fund Management Co., Ltd.- Haopu Juzhou Selection No 2 Private Securities Investment Fund for 4,323,656 shares for CNY 69,999,990.64, Lianyungang Taijia Investment Fund Partnership (Limited Partnership) for 3,088,326 shares for CNY 49,999,997.94, China Asset Management Co., Ltd. for 1,667,696 shares for CNY 26,999,998.24, Caitong Fund Management Co., Ltd. for 3,829,524 shares for CNY 61,999,993.56, Hunan Shenghua Lihe Information Industry Venture Capital Fund Partnership Enterprise (L.P.) for 1,235,330 shares for CNY 19,999,992.70, Zhong Ou Fund Management Co., Ltd. for 1,235,330 shares for CNY 19,999,992.70, CITIC Securities Company Limited for 3,150,092 shares for CNY 50,999,989.48
and Nuode Asset Management Co., Ltd. for 8,527,255 shares for CNY 138,056,258.45.

Post completion, the investors will hold Hunan Haopu Private Equity Fund Management Co., Ltd.- Haopu Juzhou Selection No 2 Private Securities Investment Fund for 4,323,656 shares for 1.72% stake and CITIC Securities Company Limited for 3,150,092 shares for 1.25% stake.