On March 1, 2024, Dongguan Mentech Optical & Magnetic Co., Ltd. closed the transaction. The company will now issue 23,626,062 shares at an issue price of CNY 17.65 per share for the gross proceeds of CNY 416,999,994.30. The company has disclosed the issue expenses of CNY 9,405,307.13 and the net proceeds of CNY 407,594,687.17.

The transaction included participation from new and returning investors China Merchants Securities Co., Ltd. for 2,719,546 shares for CNY 47,999,986.90, J.P. Morgan Securities plc for 1,133,144 shares for CNY 19,999,991.60, Nuode Asset Management Co., Ltd. for 10,057,223 shares for CNY 177,509,985.95, Hunan Light Salt Venture Capital Management Co., Ltd. ? Light Salt Zhixuan No. 10 Private Securities Investment Fund for 1,983,002 shares for CNY 34,999,985.30, Wang Jia for 1,133,144 shares for CNY 19,999,991.60, Caitong Fund Management Co., Ltd. for 3,200,571 shares for CNY 56,490,078.15, GF Securities Co., Ltd. for 1,133,144 shares for CNY 19,999,991.60, Ningbo Meishan Free Trade Port Area Fengtu Investment Management Co., Ltd.-Fengtu Fengtai No.

2 Private Equity Investment Fund for 1,133,144 shares for CNY 19,999,991.60 and Huaan Securities Co., Ltd. 1,133,144 shares for CNY 19,999,991.60. After the issuance, Nuode Asset Management Co., Ltd. owns 10,057,223 shares in the company, accounting for 4.28% stake; Caitong Fund Management Co., Ltd. owns 3,200,571 shares, accounting for 1.36% stake; China Merchants Securities Co., Ltd. owns 2,769,596 shares, accounting for 1.16% stake; Hunan Light Salt Venture Capital Management Co., Ltd. ? Light Salt Zhixuan No.

10 Private Securities Investment Fund owns 1,983,002 shares, accounting for 0.84% stake; J.P. Morgan Securities plc owns 1,527,873 shares, accounting for 0.65% stake; Wang Jia owns 1,133,144 shares, accounting for 0.48% stake; GF Securities Co., Ltd. owns 1,133,144 shares, accounting for 0.48% stake; Ningbo Meishan Free Trade Port Area Fengtu Investment Management Co., Ltd.-Fengtu Fengtai No. 2 Private Equity Investment Fund owns 1,133,144 shares, accounting for 0.48% stake; Huaan Securities Co., Ltd. owns 1,133,144 shares, accounting for 0.48% stake.