On March 10, 2022, Sinofibers Technology Co.,Ltd. closed the transaction. The company issued 39,564,787 A common shares at a price of CNY 50.55 per share for gross proceeds of CNY 1,999,999,982.85. The face value of the shares issued is CNY 1. The company incurred total issuance expenses of CNY 14,813,551.89 and raised net proceeds of CNY 1,985,186,430.96 in the transaction.

The transaction included participation from General Technology High-end Equipment Industry Equity Investment (Tongxiang) Partnership Enterprise (Limited Partnership) for 8,902,077 shares and CNY449,999,992.35, Fullgoal Fund Management Co., Ltd. for 5,439,175 shares and CNY 274,950,296.25, Aviation Industry Ronghe Development (Qingdao) Equity Investment Fund Partnership Enterprise (Limited Partnership) for 3,956,478 shares and CNY 199,999,962.90, Nuode Asset Management Co,. Ltd for 3,953,511 shares and CNY 199,849,981.05, Caitong Fund Management Co., Ltd. for 3,861,523 shares and CNY 195,199,987.65, AVIC Securities Co., Ltd. for 3,165,182 shares and CNY 159,999,950.10, Zhongyi Asset Management Co., Ltd.-Zhuoyue Fengye No. 19 Asset Management Products for 1,978,239 shares and CNY 99,999,981.45, Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) for 1,978,239 shares and CNY 99,999,981.45, First Heavy Group Rongchuang Technology Development Co., Ltd. for 1,582,591 shares and CNY 79,999,975.05, Changzhou Binhe Industrial Investment Partnership Enterprise (Limited Partnership), Zheshang Holding Group Shanghai Asset Management Co., Ltd, Zheshang Yunxing No.

1 Private Securities Investment Fund, Hunan Hualing Dice Honggang Investment Partnership Enterprise (Limited Partnership) for 1,186,943 shares and CNY 59,999,968.65 each.