On April 8, 2021, Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) closed the transaction. The company issued 43,140,638 shares at a price of CNY 23.18 per Share for gross proceeds of CNY 999,999,988.84. The transaction will include participation from Goldman Sachs & Co. LLC for 1,725,625 shares and CNY 39,999,987.50, Morgan Stanley & Co. International Plc, Asset Management Arm for 20,060,396 shares for CNY 464,999,979.28, Penghua Fund Management Co. Ltd. for 3,451,251 shares for CNY 79,999,998.18, Invesco Great Wall Fund Management Co. Ltd for 3,019,842 shares for CNY 69,999,937.56, Luzhou Jinhong No. 1 Investment Fund Partnership Enterprise (L.P.), a fund managed by Xuyong Jinduo Equity Investment Fund Management Co., Ltd. for 3,149,272 shares fir CNY 73,000,124.96, Julong Jinbao No. 1 Private Securities Investment Fund, a fund managed by Shenzhen Qianhai Julong Investment Co., Ltd. for 1,941,328 shares for 44,999,983.04 and Lu Ping for 3,321,829 shares for 76,999,996.22. The company paid CNY 9,237,735.85 as issuance expenses and received net proceeds of CNY 990,762,252.99. Post closing of the transaction, the share capital of the company increase from 997,570,075 shares to 1,040,710,713 shares.