On August 30, 2021, NanJing AoLian AE&EA Co.,Ltd closed the transaction. The company has issued 11,111,111 shares at an issue price of CNY 12.96 per share for gross proceeds of CNY 143,999,998.56 in the transaction. Jonten Certified Public Accountants issued a capital verification report. The company has incurred issuance fees of CNY 8,879,035.64 in the transaction. The net proceeds received by the company is CNY 135,120,962.92. Guangxi Ruiying Asset Management Co., Ltd. subscribed to all shares, and increased its holdings from 40,800,000 shares for 25.50% stake, to 51,911,111 shares for 30.34% stake in the company. Post-closing of the transaction, the share capital of the company increased from 160,000,000 shares to 171,111,111 shares.