On July 21, 2023, Flat Glass Group Co., Ltd. closed the transaction. The company issued 204,429,301 A shares at a price of CNY 29.35 per share for gross proceeds of CNY 5,999,999,984.35 in the transaction. The company incurred a total issuance expense of CNY 34,592,837.65 - CNY 31,132,075.39 for sponsor underwriting fee, CNY 600,000.00 for audit and capital verification fees, CNY 1,151,011.76 for attorney fees, CNY 1,491,724.72 for stamp duty, and CNY 218,025.78 for issue fee.

Post closing, the registered capital of the company will increase to CNY 51,107,325.25 and capital reserve to CNY 5,914,299,821.45. The transaction included participation from new investors Ruiyang Emerging Growth Private Equity Securities Investment Fund; a fund managed by Shanghai Ruiyang Investment Management Co., Ltd. for 6,132,879 shares for gross proceeds of CNY 179,999,998.65, Morgan Stanley Bank International (China) Limited for 7,155,025 shares for gross proceeds of CNY 209,999,983.75, China Life Asset Management-PIPE2020 Insurance Asset Management Products; a fund managed by China Life Asset Management Company Limited for 6,814,310 shares for gross proceeds of CNY 199,999,998.50, Guotai Asset Management Company Limited for 9,403,747 shares for gross proceeds of CNY 275,999,974.45, Huatai Youyi No. 5 Hybrid Pension Product-Bank of China Limited for 6,132,879 shares for gross proceeds of CNY 179,999,998.65, Yinhua Fund Management Co., Ltd. for 17,362,862 shares for gross proceeds of CNY 509,599,999.70, China Pacific Life Insurance Co., Ltd.-Dividends-Individual dividends for 6,507,666 shares for gross proceeds of CNY 190,999,997.10, AEGON-Industrial Fund Management Co.

Ltd. for 9,236,797 shares for gross proceeds of CNY 271,099,991.95, Goldman Sachs International for 12,708,688 shares for gross proceeds of CNY 372,999,992.80, Nuode Asset Management Co., Ltd. for 22,894,582 shares for gross proceeds of CNY 671,955,981.70, Ningbo Junhe Tongxin Equity Investment Partnership Enterprise (Limited Partnership); a fund managed by returning investor Shanghai Junhe Licheng Investment Management Center (Limited Partnership) for 10,221,465 shares for gross proceeds of CNY 299,999,997.75, Rosefinch Fund Management Co., Ltd. for 14,375,809 shares for gross proceeds of CNY 421,929,994.15, China Pacific Life Insurance Co., Ltd. - Traditional - General Insurance Products for 6,507,666 shares for gross proceeds of CNY 190,999,997.10, ABC-CA Fund Management Co., Ltd. for 6,132,879 shares for gross proceeds of CNY 179,999,998.65, GF Fund Management Co., Ltd. for 23,481,571 shares for gross proceeds of CNY 689,184,108.85, returning investors Caitong Fund Management Co., Ltd. for 11,183,304 shares for gross proceeds of CNY 328,229,972.40, UBS Investment Bank, Investment Arm for 28,177,172 shares for gross proceeds of CNY 826,999,998.20. All the securities issued have a restriction period of 6 months.