On July 7, 2021, Nanjing Huamai Technology Co., Ltd. closed the transaction. The company issued 24,589,840 at a price of CNY 10.24 per share for gross proceeds of CNY 251,799,961.60 in the transaction. The transaction included participation from Xu Aimin for 1,933,593 shares for CNY 19,799,992, Zhao Jinzhi for 2,929,687 shares for CNY 29,999,995, Zheshang Futures Rongchang No.

2 Single Asset Management Plan, a fund managed by Zheshang Securities Co., Ltd., Investment Arm for 2,929,687 shares for CNY 29,999,995, Changzhou Investment Group Co.,Ltd, Investment Arm for 1,171,875 shares for CNY 12,000,000, Xiangyun Hejuli No. 3 Private Securities Investment Fund, a fund managed by Nanjing Xiangyunhe Investment Management Co., Ltd. for 2,929,687 shares for CNY 29,999,995, China Galaxy Securities Co., Ltd., Investment Arm for 2,441,406 shares for CNY 24,999,997, Galaxy Derivatives Capital Management Co. Ltd. for 1,953,125 shares for CNY 20,000,000, China Securities Co., Ltd. for 3,417,968 shares for CNY 34,999,992, Boshen No.

29 Securities Investment Private Equity Fund, a fund managed by Shanghai Boshen Investment Center (Limited Partnership) for 1,757,812 shares for CNY 17,999,995, China Industrial Securities Global Fund Management Co., Ltd. for 1,171,875 shares for CNY 12,000,000 and Yu Yanfei for 1,953,125 shares for CNY 20,000,000. The company paid issuance expenses of CNY 6,700,921.99 and received net proceeds of CNY 245,099,039.61. Out of the total net proceeds, CNY 24,589,840 will go into registered capital, and CNY 220,509,199.61 will go into capital reserve.

Post-closing of the transaction, shareholding of Xu Aimin changed from 34,971,428 shares representing 25.71% stake to 36,905,021 shares representing the stake of 22.98% in the company and total share capital of company increased from 136,000,000 shares to 160,589,840 shares.