On July 14, 2022, Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. closed the transaction. The company issued 21,353,383 common shares at the price of CNY 66.50 per share for gross proceeds of CNY 1,419,999,969.50. The company incurred issue expense in respect of the transaction of CNY 3,972,974.88.

The transaction included participation from Jiming Journey No. 1 Private Securities Investment Fund for 4,601,503 shares for gross proceeds of CNY 305,999,949.50, Shenwan Hongyuan Securities Co., Ltd., Investment Arm for 3,172,932 shares for gross proceeds of CNY 210,999,978, Pacific Ten All-Round stock Product for 2,751,879 shares for gross proceeds of CNY 182,999,953.50, China Pacific Life Insurance Co., Ltd.-Dividends-Individual dividends for 2,751,879 shares for gross proceeds of CNY 182,999,953.50, Caitong Fund Management Co., Ltd. for 4,972,932 shares for gross proceeds of CNY 330,699,978, Nuode Asset Management Co., Ltd. for 3,009,022 shares for gross proceeds of CNY 200,099,963, UBS Group AG for 93,236 shares for gross proceeds of CNY 6,200,194. Out of the total amount received, the company has received CNY 21,353,383.00 in its registered capital and CNY 1,394,673,611.62 in its capital reserve.