On October 20, 2023, Changzhou Steel Research Jiguang Additive Materials Manufacturing Co., Ltd. closed the transaction. The company received CNY 80,000,000 in an equity round of funding and the returning investors Gaona Aero Material Co., Ltd. for CNY 16,666,666 and Steel Research Investment Co., Ltd. for CNY 16,666,666. The company completed the industrial and commercial change registration procedures and obtained the ?business license?

issued by Administrative Approval.