On March 10, 2022, Zhejiang Changhua Auto Parts Co., Ltd. closed the transaction. The company has amended the terms of the transaction. The company has issued 51,806,353 shares at a price of CNY 14.67 per share for gross proceeds of CNY 759,999,198.51.

The transaction included participation from UBS Group AG for 2,931,152 shares and CNY 42,999,999.84 for 0.63% stake, China Galaxy Securities Co., Ltd. for 2,044,989 shares and CNY 29,999,988.63, Caitong Fund Management Co., Ltd. for 13,633,265 shares and CNY 199,999,997.55 for 2.91% stake, Nuode Asset Management Co., Ltd. for 10,565,780 shares and CNY 154,999,992.60 for 2.26% stake, Zhou Rong for 2,385,821 shares and CNY 34,999,994.07 for 0.51% stake, Pingtan Comprehensive Experimental Zone Zhiling Sanlian Asset Management Co., Ltd. through Zhiling Ziqi Quantitative Neutral No. 1 Private Securities Investment Fund for 1,704,158 shares and CNY 24,999,997.86, China Asset Management Co., Ltd. for 7,634,628 shares and CNY 111,999,992.76 for 1.63% stake, Ningbo Ningju Asset Management Center (Limited Partnership) through Ningju Yingshanhong No. 9 Private Securities Investment Fund and Zhejiang Ningju Investment Management Co., Ltd. through Ningju Kaiyang No.

10 Private Securities Investment Fund 1,704,158 shares and CNY 24,999,997.86 each, Nanhua Fund Management Co., Ltd. for 1,772,324 shares and CNY 25,999,993.08, Hangzhou Hanzhao Enterprise Management Consulting Partnership Enterprise (Limited Partnership) for 3,340,149 shares and CNY 48,999,985.83 for 0.71% stake, Ningbo Hongyang Investment Management Partnership Enterprise (Limited Partnership) through Hongyang Special Fund Phase I Private Securities Investment Fund for 1,704,158 shares and CNY 24,999,997.86 and Tian Wanbiao for 681,613 shares and CNY 9,999,262.71. The company incurred issue fees of CNY7,026,232.41 and received net proceeds of CNY 752,972,966.10 in the transaction.