On March 8, 2022, Xiamen Changelight Co., Ltd. closed the transaction. The company has issued 187,500,000 shares at price of CNY 8 per share for total gross proceeds of CNY 1,500,000,000 in the transaction. The transaction included participation from Hisense Visual Technology Co., Ltd. for CNY 496,000,000, Huaneng Guixin Trust Co., Ltd. for CNY 344,000,000, Dacheng International Asset Management Co., Ltd. - Dacheng International Aspiration No.

1 Special Account for CNY 336,000,000, and other investors. The company has paid issuance cost of CNY 20,763,769.45 in the transaction and received net proceeds of CNY 1,479,236,230.55, of which CNY 187,500,000 was included in the share capital and CNY 1,291,736,230.55 into capital reserve. The registration and custody procedures for the new shares issued by the company will be completed at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited as soon as possible.