On December 14, 2023, Guangzhou Hengyun Enterprises Holding Ltd, closed the transaction. The company issued 219,301,948 shares at a price of CNY 6.16 per share for the gross proceeds of CNY 1,350,899,999.68. As a part of the transaction, the company paid CNY 4,827,068.37 as issuance fee.

The transaction included participation from new investors, Guangzhou High-Tech Zone Modern Energy Group Co., Ltd., AEGON-Industrial Fund Management Co. Ltd., First Capital Securities Co., Ltd.,Yang Yin, Huang Qingwen, Guangzhou Chantou Private Securities Investment Fund Management Co., Ltd. - Guangzhou Chantou Industrial Upgrade No. 1 Private Securities Investment Fund, Nuode Asset Management Co., Ltd., Taikang Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., Guotai Junan Financial Holdings Limited, China Innovative Capital Management Limited, Guangdong Rongchuang Yueling Intelligent Manufacturing & Information Tech Industry Equity Investment a fund managed by Shenzhen Qianhai China Innovative Capital Management Co., Ltd.