On November 10, 2023, Foshan Electrical and Lighting Co.,Ltd closed the transaction. The company issued 186,783,583 A shares at a price of CNY 5.86 per share for gross proceeds of CNY 1,094,551,796.38. The company incurred issue expenses of CNY 6,136,307.56 as underwriting fees, sponsorship fees and other expenses.

The company added CNY 186,783,583.00 as share capital and CNY 901,631,905.82 as capital reserve. The transaction included participation from returning investor Guangdong Guangsheng Holding Group Co., Ltd. for CNY 273,637,944.70, new investor Nuode Asset Management Co., Ltd. for CNY 195,569,999.20, Caitong Fund Management Co., Ltd. for CNY 261,699,999.58, CSC Financial Co., Ltd., Investment Arm for CNY 51,499,994.70, UBS Group AG for CNY 37,999,996.26, Morgan Stanley & Co. International plc for CNY 29,999,994.58, CITIC Securities Investment Limited for CNY 29,999,994.58, Changsha Lugu Capital Management Co., Ltd. for CNY 49,999,998.78, Huatai Youyi stock-specific pension products-Agricultural Bank of China Limited, a fund managed by Huatai Asset Management Co., Ltd. for CNY 29,999,994.58, Sichuan Puxin Chanrong Investment Limited Liability Company for CNY 29,999,994.58, Horizon Asset Management Co.

Ltd. for CNY 50,999,996.06, Guangdong Sunac Lingyue Intelligent Manufacturing & Information Technology Industry Equity Investmen for CNY 29,999,994.58, Wu Xiaochun for CNY 23,143,894.20.