On June 9, 2020, Ningbo Xusheng Auto Technology Co., Ltd. closed the transaction. The company issued 32,335,686 shares at a price of CNY 32.41 per share for the gross proceeds of CNY 1,047,999,583. The company has paid CNY 11,134,491.59 as a issuance expenses in the transaction. The transaction security issue in the transaction is subject to a hold period of 6 months from the closing of the transaction. The new shares issued have completed the share registration formalities at the China Securities Depository and Clearing Corporation Limited Shanghai Branch. The transaction included participation from Essence Securities Co.Ltd., Investment Arm, Xuanyuan Yuanding No. 6 Private Securities Investment Fund, a fund managed by Guangzhou Xuanyuan Investment Management Co., Ltd., Tibet Fuju Investment Co., Ltd., GF Securities Asset Management Co.,Ltd., China Industrial Securities Global Fund Management Co., Ltd., GF Fund Management Co., Ltd., Dongying Linglong Jinshan Equity Investment Fund (L.P.), a fund managed by Dongying Linglong Jinshan Investment Management Co., Ltd., China Universal Fund Management Co., Ltd., Shanghai Dazheng Investment Ltd., Pacific Asset Management Co., Ltd., Nuode Asset Management Co,. Ltd., China Pacific Research Selected Equity Product, a fund managed by JT Asset Management Co., Ltd, First Seafront Gold-silver Jewelry Theme Selected Flexible Allocation Mixed Fund, a fund managed by First Seafront Fund Management Co., Ltd, Bay Area Industry Finance Investment (Guangzhou) Co., Ltd., China Securities Co., Ltd., Dayan is determined to forge ahead and enjoy private equity investment funds, Centennial Life Insurance Co., Ltd.-Participating Insurance Products, CITIC Securities Co., Ltd., League of Nations Fund Management Co., Ltd., Nordisk Fund Management Co., Ltd., Shanghai Ningquan Asset Management Co., Ltd.-Ningquan Zhiyuan No. 7 Private Securities Investment Fund, Huatai Custody of Qingli Yinan Private Securities Investment Fund, Pacific Growth Selected Equity Products, Galaxy Investment Asset Allocation No. 2 Private Equity Fund Xu Xumeng and Luo Peidong.