On September 22, 2022. JiangSu Zhenjiang New Energy Equipment Co., Ltd. closed the transaction. The company has issued 17,044,100.00 shares at a price of CNY 33.56 per share for gross proceeds of CNY 571,999,996.

The transaction included participation from UBS Group AG, Guosen Securities Co., Ltd., Zhejiang Jiahong Asset Management Co., Ltd., and other investors. The company paid underwriting and sponsorship fees of CNY 7,547,169.81 and other issuance fees of CNY 6,723,584.91, had net proceeds of CNY 557,729,241.28.