On December 23, 2021, Western Superconducting Technologies Co., Ltd. closed the transaction. The company issued 22,774,069 shares at an issue price of CNY 88.39 per share for gross proceeds of CNY 2,012,999,958.91 in the transaction. The transaction included participation from Industrial Investment Fund Co., Ltd. for 7,919,447 shares for CNY 699,999,920.33, Shaanxi Guohua Fusion Industry Development Fund Partnership (Limited Partnership) for 3,744,773 shares for CNY 331,000,485.47, Beijing AVIC Phase I Aviation Industry Investment Fund (Limited Partnership), a fund managed by AVIC Rongfu Fund Management Co., Ltd for 3,394,049 shares for CNY 299,999,991.11, Guohua Industrial Development Fund (Limited Partnership) for 2,262,699 shares for CNY 199,999,964.61, Guochuang Investment Guidance Fund (Limited Partnership), a fund managed by Guochuang Fund Management Co., Ltd. 1,357,619 shares for CNY 119,999,943.41, Xi'an Investment Holding Co., Ltd. for 1,131,349 shares for CNY 99,999,938.11, Caitong Fund Management Co., Ltd. for 927,706 shares for CNY 81,999,933.34, Hunan Xiangtou Junrong Industrial Investment Fund Enterprise (Limited Partnership) for 678,809 shares for CNY 59,999,927.51, Pan Xuhong for 678,809 shares for CNY 59,999,927.51, Fushan Investment Ruiyuan Special Opportunity Phase 5 Private Securities Investment Fund for 678,809 shares for CNY 59,999,927.51.

The company paid issue expenses of CNY 1,919,345.2 in the transaction.