On March 30, 2023, Ningbo Fangzheng Automobile Mould Co.,Ltd. closed the transaction. The company has issued 30,769,230 A shares at a price of CNY 26 per share for gross proceeds of CNY 799,999,980. The transaction included participation from new investors Caitong Fund Management Co., Ltd. for 6,807,692 shares, Zhaolifeng Longteng No.

1 Private Securities Investment Fund, a fund managed by Shenzhen Zhaolifeng Private Securities Fund Management Co., Ltd. for 4,038,461 shares, China Asset Management Co., Ltd. for 3,846,153 shares, Ruihua Selected No. 8 Private Securities Investment Fund, a fund managed by Jiangsu Ruihua Investment Management Co., Ltd. for 3,076,923 shares and 2.24% stake, Nuode Asset Management Co., Ltd. for 2,776,923 shares, Light Salt Zhixuan No. 15 Private Securities Investment Fund, a fund managed by Hunan Light Salt Venture Capital Management Co., Ltd. for 1,376,923 shares, Guodu Benfu No.

6 fixed increase private investment fund, a fund managed by Guodu Venture Capital Co., Ltd. for 1,346,153 shares, Hangzhou Huansheng Enterprise Management Partnership Enterprise (Limited Partnership) for 576,929 shares, also including individual investors Zhu Yuchao for 1,538,461 shares and 1.12% stake, Zhao Jing for 1,346,153 shares, Xu Jun for 1,346,153 shares, Lu Like for 1,346,153 shares and Zhu Xiufang for 1,346,153 shares. All the securities issued in the transaction will subject to a hold period of six months. The company has received net proceeds of CNY 784,279,550.68.