On July 21, 2021, Shanghai Highly (Group) Co., Ltd. closed the transaction. The company amended the terms of the transaction and issued 201,772,151 shares at an issue price of CNY 7.9 per share for gross proceeds of CNY 1,593,999,992.90 in the transaction. The transaction included participation from returning investor Shanghai Electric Group Company Limited for 71,732,814 shares for proceeds of CNY 566,689,230.6; Huatai Asset Management Co., Ltd. for 15,189,873 shares for proceeds of CNY 119,999,996.7; China Universal Asset Management Company Ltd. for 12,658,227 shares for proceeds of CNY 99,999,993.3 and other investors.

The company paid issuance fees of CNY 23,336,578.30 in the transaction. As part the transaction, returning investor Shanghai Electric Group Company Limited increased its stake from 23.97% stake to 26.12% stake, new investors Zhang Huaibin acquired 0.70% stake, Guo Weisong acquired 1.05% stake, and Zhejiang Sanhua Lvneng Industrial Group Co., Ltd. acquired 0.74% stake in the company. The share capital of the company has increased from 883,300,255 shares to 1,085,072,406 shares.

Shanghai Electric (Group) Corporation is no longer investing in the transaction.