On July 5, 2022, Shenzhen XFH Technology Co.,Ltd closed the transaction. The company has issued 5,841,741 ordinary shares at a price of CNY 37.66 per share for gross proceeds of CNY 219,999,966.06. The transaction included participation from Nuode Fund Management Co., Ltd. for 1,433,882 shares, China Asset Management Co., Ltd. for 1,009,034 shares, Caitong Fund Management Co., Ltd. for 770,047 shares, Sanming Investment Development Group Co., Ltd. for 531,067 shares, Guotai Junan Securities Co., Ltd. for 424,853 shares, Zhonghe Capital Cultivation No.

828 Private Securities Investment Fund for 265,533 shares and Zhonghe Capital Cultivation No. 636 Private Securities Investment Fund for 265,533 shares, both managed by Jiuxiu Zhonghe (Tianjin) Investment Management Co., Ltd, Dacheng Fund Management Company Limited for 265,533 shares, Infront Caiying No. 3 Private Securities Investment Fund, a fund managed by Infront (Pingtan) Private Equity Fund Management Co., Ltd. for 265,533 shares and Yong'an State-owned Asset Investment and Management Co., Ltd. for 265,533 shares and individual investor Dong Weiguo for 345,193 shares.

The company has received net proceeds of CNY 217,028,267.94 and paid CNY 2,971,698.12 in expenses of the transaction. All the shares issued in the transaction will subject to lock-up of six months.