On November 10, 2021, Hangzhou Huning Elevator Parts Co., Ltd. closed the transaction. The company issued 17,418,459 shares at a price of CNY 14.41 per share for gross proceeds of CNY 250,999,994.19. The transaction included participation from Boshen No.

27 Securities Investment Private Fund, a fund managed by Shanghai Boshen Investment Center (Limited Partnership) for 1,040,943 shares and proceeds of CNY 14,999,988.63, Nanhua Fund Management Co., Ltd. for 1,040,943 shares and proceeds of CNY 14,999,988.63, Chonghuan Yasong Private Equity Investment Fund, a fund managed by Chongqing Environmental Fund Co., Ltd. for 1,873,698 shares and proceeds of CNY 26,999,988.18, Zhejiang Guangjie Investment Management Co., Ltd. for 2,775,850 shares and proceeds of CNY 39,999,998.50, Caitong Fund Management Co., Ltd. for 3,560,027 shares and proceeds of CNY 51,299,989.07, China Asset Management Co., Ltd. for 2,498,265 shares and proceeds of CNY 35,999,998.65, Chongqing Muqiao Equity Investment Fund Partnership Enterprise (Limited Partnership) for 1,179,736 shares and proceeds of CNY 16,999,995.76, Hangzhou Yulanjin Enterprise Management Partnership Enterprise (Limited Partnership) for 256,771 shares and proceeds of CNY 256,771 and individual investors Liu Xia for 1,110,340 shares and proceeds of CNY 15,999,999.40, Xie Kai for 1,040,943 shares and proceeds of CNY 14,999,988.63 and Xue Xiaohua for 1,040,943 shares and proceeds of CNY 14,999,988.63.