On December 8, 2021, Suzhou Maxwell Technologies Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company will now issue 4,359,007 A shares at a price of CNY 645 per share for gross proceeds of CNY 2,811,559,515.

The company incurred issuance fee including underwriting and sponsorship fee of CNY 23,791,760.45, audit and capital verification fee of CNY 528,301.89, lawyer fee of CNY 566,037.74, and information disclosure fee of CNY 424,528.30. The company will add CNY 4,359,007 as share capital and CNY 2,781,889,879.62 as capital reserve. The transaction included participation from Guo Weisong for 155,038 shares for gross proceeds of CNY 99,999,510, ICBC Credit Suisse Fund Management Co., Ltd. Note for 1,472,868 for gross proceeds of CNY 949,999,860, and other investors.

All the securities issued have a lock up period of 6 months.