On December 21, 2021, Shandong Weida Machinery Co., Ltd. closed the transaction. The registration procedures for the newly issued shares were completed at China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. Post the closing, the investors' number of shares owned will be increased from 142,832,426 shares to 160,332,591 shares and the stake will increase from 33.75% to 36.38% stake.

The company paid expenses of CNY 3,860,000 in the transaction.