On March 19, 2021, Shenzhen Liande Automation Equipment co.,ltd. (SZSE:300545) closed the transaction. The company has issued 31,578,947 shares at a price of CNY 19 per share for the gross proceeds of CNY 599,999,993. The transaction will include participation from Guangdong Hengkuo Investment Management Co., Ltd. for 8,368,421 shares for the gross proceeds of CNY 158,999,999, Guangdong Henghang Industrial Investment Fund Partnership Enterprise (Limited Partnership), a fund managed by Guangdong Hengjian Asset Management Co., Ltd. for 3,194,740 shares for the gross proceeds of CNY 60,700,060, Shenzhen Dongfang Yuanzhi Stable Development of Private Equity Investment Fund Partnership (Limited for 3,684,210 shares for the gross proceeds of CNY 69,999,990, Shenzhen Yuanzhi Ruixin Hungai Equity Investment Fund Partnership Enterprise (LP), a fund managed by Shenzhen Yuanzhi Ruixin Equity Investment Management Co., Ltd. for 3,684,210 shares for the gross proceeds of CNY 69,999,990, Shenzhen Yuanzhi Fuhai M&A Investment Fund Partnership Enterprise (L.P.), a fund managed by Shenzhen CMAF Management Co., Ltd. for 5,157,894 shares for the gross proceeds of CNY 97,999,986, Caitong Fund Management Co., Ltd. for 2,226,315 shares for the gross proceeds of CNY 42,299,985, China Asset Management Co., Ltd. for 1,578,947 shares for the gross proceeds of CNY 29,999,993 and The Goldman Sachs Group, Inc. (NYSE:GS) for 1,578,947 shares for the gross proceeds of CNY 29,999,993.

The transaction has been approved at 36th meeting of the third board of directors. Nie Quan is no longer investing in the transaction.