On August 11, 2021, Chongqing Fuling Electric Power Industrial Co., Ltd. closed the transaction. The company issued 147,517,440 shares at an issue price of CNY 12.18 per share for gross proceeds of CNY1,796,762,419.20. The transaction included participation from UBS AG for 7,389,162 for gross proceeds of CNY 89,999,993.16, Huaan Fund Management Co., Ltd. for 9,852,216 shares for CNY 119,999,990.88, Wo Jiuhua for 4,926,108 shares for CNY 59,999,995.44, Caitong Fund Management Co., Ltd. for 8,949,096 shares for CNY 108,999,989.28, China Huarong Asset Management Co., Ltd. for 16,420,361 shares for CNY 199,999,996.98, Chongqing Three Gorges Water Conservancy and Electric Power Investment Ltd. for 32,840,722 shares for CNY 399,999,993.96, Essence Securities Company Limited, Investment arm for 5,008,210 shares for CNY 60,999,997.80, Nuode Asset Management Co., Ltd. for 6,978,653 shares for CNY 84,999,993.54, New China Asset Management Co., Ltd. for 16,420,361 shares for CNY 199,999,996.98, HwaBao Securities Co.,Ltd., Investment Arm for 4,926,108 shares for CNY 59,999,995.44, New China Asset Management Co., Ltd. 9,852,216 shares for CNY 119,999,990.88, Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) for 16,420,361 shares for CNY 199,999,996.98, Chongqing Qin'an M&E PLC for 4,926,108 shares for CNY 59,999,995.44, and Guosen Securities Co., Ltd., Investment Arm for 2,607,758 shares for CNY 31,762,492.44.

The company paid CNY 35,015,389.46 as an issue fee. After issuance, Chongqing Three Gorges Water Conservancy and Electric Power Investment Ltd. Owns 32,840,722 shares in the company, accounting for 4.31% stake; China Huarong Asset Management Co., Ltd. owns 16,420,361 shares, accounting for 2.15% stake; New China Life Insurance Co., Ltd. – Dividends - Individual Dividends - 018L - FH002 Shanghai Owns 16,420,361 shares, accounting for 2.15% stake; Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) Owns 16,420,361 shares, accounting for 2.15% stake; UBS AG Owns 7,398,498 shares, accounting for 0.97% stake. Prior to issuance New China Life Insurance Co., Ltd. – Dividends - Individual Dividends - 018L - FH002 Shanghai Owns 8,432,900 shares in the company, accounting for 1.37% stake;