On April 8, 2022, WPG (Shanghai) Smart Water Public Co., Ltd. closed the transaction. The company has issued 82,474,482 A shares at a price of CNY 11.76 per share for total gross proceeds of CNY 969,899,908.32. The transaction included participation from Shenzhen Yixin Investment Co., Ltd. for 3,401,360 shares, Caitong Fund Management Co., Ltd. for 12,967,687 shares, Gongqingcheng Shangya Equity Investment Partnership for 3,239,795 shares, Jiaxing Shengwei Equity Investment Partnership for 4,200,680 shares, Zhongbing Asset Fubing No.

4 Private Securities Investment Fund, a fund managed by Zhongbing Wealth Asset Management Co., Ltd. for 3,401,360 shares, Nantong Zijing Capital Management Co., Ltd. for 4,251,700 shares, China Asset Management Co., Ltd. for 17,602,040 shares, Zhuhai Jinteng Equity Investment Fund Partnership (Limited Partnership) for 4,251,700 shares, China Southern Asset Management Co., Ltd. for 3,571,428 shares, UBS Group AG for 3,741,496 shares, Nuode Fund Management Co., Ltd. for 12,100,340 shares, CPIC Fund Management Co., Ltd., a fund managed by GTJA Allianz CSI All-share Semi-conductor Product and Equipment ETF for 3,231,292 shares and individual investors Qian Chao for 3,282,312 shares and Liang Xinglu for 3,231,292 shares. The company has paid CNY 10,857,450.44 in issuance expenses. The actual net amount of funds raised was CNY 959,042,457.88, of which the increase in share capital was CNY 82,474,482.00 and the capital reserve was increased by CNY 876,567,975.88.