On January 11, 2023, Ginlong Technologies Co., Ltd. closed the transaction. The company issued 19,500,000 shares at an issue price of CNY 150 per share for gross proceeds of CNY 2,925,000,000. The transaction included participation from UBS AG, Financial Services Investment Arm for 2,546,666 shares, Goldman Sachs International, Investment Arm for 2,266,666 shares, Nuode Asset Management Co., Ltd. for 2,046,666 shares, GF Fund Management Co., Ltd. for 2,006,670 shares, Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) for 1,680,000 shares, GTJA Innovation Investment Co., Ltd. for 1,620,000 shares, China Pacific Life Insurance Co., Ltd. - Traditional - General Insurance Products for 1,120,000 shares, Oriental Alpha Fund Management Co., Ltd. for 1,120,000 shares, China Universal Asset Management Company Ltd. for 1,120,000 shares, CITIC Securities Company Limited, Asset Management Arm for 1,013,333 shares, Morgan Stanley & Co International Plc, Investment Arm for 993,333 shares, JPMorgan Chase Bank, National Association, Asset Management Arm for 773,333 shares, Golden Eagle Asset Management Co.

Ltd. for 560,000 shares and Zhong Ou Fund Management Co., Ltd for 633,33 shares. The company incurred total issuance fees of CNY 20,250,000.01, out of which CNY 16,556,603.77 was sponsorship and underwriting fees, CNY 1,698,113.21 as accountant fees, CNY 1,886,792.47 as legal fees, and CCNY 108,490.56 as January information disclosure, issuance handling and others fees. Through the transaction, the company's share capital increased from CNY 377,188,445 to CNY 396,688,445.