On August 18, 2022, Yongxing Special Materials Technology Co.,Ltd closed the transaction. The company will now issue 8,743,343 A shares at a price of CNY 125.81 per share for gross proceeds of CNY 1,099,999,982.83. The company incurred issue expense in respect of the transaction of CNY 13,499,999.83 for sponsorship and underwriting fees, CNY 900,000 for attorney fees, CNY 1,100,000 for audit and capital verification fees, CNY 8,248.44 for registration fee, CNY 271,111.59 for stamp duty, CNY 35,377.36 for information disclosure fee, CNY 9,979.72 for material cost.

The transaction included participation from E Fund Management Co., Ltd. for CNY 124,999,909.41, ChangAn Fund Management Co.,Ltd for CNY 49,999,913.44, Taikang Life Insurance Co., Ltd. Investment-Linked Industry Allocation Investment Account for CNY 49,999,913.44, Taikang Life Insurance Co., Ltd. - Dividends - Personal Dividend Products for CNY 49,999,913.44, China Asset Management Co., Ltd. for CNY 49,999,913.44, CCB Fund Management Co., Ltd for CNY 49,999,913.44, New China Fund Management Co. Limited for CNY 49,999,913.44, GF Securities Co., Ltd. for CNY 49,999,913.44, UBS Group AG for CNY 309,999,991.73, Industrial Securities Global Fund Management Co., Ltd. for CNY 40,501,006.82, Bosera Asset Management Co., Ltd. for CNY 49,999,913.44, Caitong Fund Management Co., Ltd. for CNY 92,499,915.35, Guotai Junan Securities Co., Ltd. for CNY 71,999,930.71, Yao Zhanqin for CNY 59,999,921.29.