On March 10, 2023, Shenzhen JingQuanHua Electronics Co.,Ltd. closed the transaction. The company has issued 13,089,870 A shares at a price of CNY 33.27 per share for gross proceeds of CNY 435,499,974.9 on March 13, 2023. The transaction included participation from new investors Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) for 1,803,426 shares, Dividend Insurance Product for 991,884 shares and investment-linked industry allocation investment account for 601,142 shares, affiliates of new investor Taikang Life Insurance Co., Ltd., Investment Arm, GF Fund Management Co., Ltd. for 2,990,682 shares, UBS Group AG for 2,705,139 shares, Shanghai Chunda Asset Management Co., Ltd. for 601,142 shares, Nuode Asset Management Co., Ltd. for 3,125,939 shares and Caitong Fund Management Co., Ltd. for 270,516 shares.

The company has received net proceeds of CNY 420,573,138.41 in the transaction and paid issuance fess of CNY 14,926,836.49.