On December 3, 2021, Ningbo Shenglong Automotive Powertrain System CO.,Ltd. closed the transaction. The company amended the terms of the transaction and now issued 35,448,881 shares at a price of CNY 12.52 per share for gross proceeds of CNY 443,819,990.12 in the transaction. The received net proceeds of CNY 438,974,718.76 after deducting issuance expenses.