On September 17, 2021, Zhejiang Cfmoto Power Co.,Ltd closed the transaction. The company has issued 15,700,074 shares at a price of CNY 110 per share for gross proceeds of CNY 1,727,008,140 in the transaction. The transaction included participation from Fullgoal Fund Management Co., Ltd. for 4,481,818 shares, ICBC Credit Suisse Asset Management Co., Ltd. for 3,081,818 shares, Caitong Fund Management Co., Ltd. for 1,600,000 shares and other investors. The company has incurred issue expenses of CNY 17,954,757.94 in the transaction and received net proceeds of CNY 1,709,053,382.06. Pursuant to the transaction, the total share capital of the company increased from 134,377,300 shares to 150,077,374 shares.