On November 25, 2022, Nanjing Chervon Auto Precision Technology Co., Ltd closed the transaction. The company amended the terms of the transaction. The company has issued 60,370,229 A shares having par value of CNY 1 per share, at an issue price of CNY 19.76 per share, for gross proceeds of CNY 1,192,915,725.04 in the transaction. The company has paid issuance expenses of CNY 14,774,014.96 and received net proceeds of CNY 1,178,141,710.08 in the transaction. The transaction included participation from Chervon Investment Limited for 18,111,068 shares, Caitong Fund Management Co., Ltd. for 8,248,986 shares, GF Fund Management Co., Ltd. for 7,692,307 shares, China Asset Management Co., Ltd. for 5,010,121 shares, UBS Group AG for 2,834,008 shares, CITIC Securities Company Limited for 2,834,008 shares, AEGON-Industrial Fund Management Co., Ltd. for 2,530,364 shares, Nuode Asset Management Co., Ltd. for 2,479,757 shares, First State Cinda Fund Management Co. Ltd. for 2,024,291 shares, Chengdu Lihua Investment Co., Ltd. for 2,024,291 shares, Guotai Junan Securities Co., Ltd. for 2,024,291 shares, Guodu Venture Capital Co., Ltd. for 255,119 shares, Sichuan Capital Market Shukun Development Securities Investment Fund Partnership Enterprise (LP), a fund managed by Sichuan Development Securities Investment Fund Management Co., Ltd. for 2,024,291 shares and Jinning Economic Development Industry Strong Chain Equity Investment (Hubei) Partnership Enterprise (Limited Partnership) for 2,277,327 shares.

On December 1, 2022, prior to the issuance, Chervon (China) Investment Co., Ltd owns 46.56 million shares in the company, accounting for 22.87% stake.

On December 9, 2022, after the issuance, Chervon (China) Investment Co., Ltd owns 64,671,068 shares in the company, accounting for 24.50% stake; Citic Securities Co., Ltd. owns 3,003,670 shares, accounting for 1.14% stake; UBS AG owns 2,887,254 shares, accounting for 1.09% stake.