On December 5, 2023 the company has closed the transaction. The company issued 96,030,038 shares at an issue price of CNY 9.32 per share for gross proceeds of CNY 894,999,954.16. The transaction included participation of Ruichang Xinneng Enterprise Management Partnership Enterprise (Limited Partnership) for 12,875,536 shares, Nuode Asset Management Co., Ltd. for 19,957,081 shares, Caitong Fund Management Co., Ltd. for 11,480,686 shares, UBS AG for 7,510,729 shares, Wu Xiaoqi for 5,364,806 shares, Guotai Junan Financial Holdings Limited for 4,399,141 shares, Huatai Asset Management Co., Ltd for 4,399,141 shares and Jiangsu Ruitai New Energy Materials Co., Ltd. for 30,042,918 shares.