Zhejiang RIFA Precision Machinery Co., Ltd. announced that it has received CNY 698.869964 million in funding from a group of investors

On August 25, 2021, Zhejiang RIFA Precision Machinery Co., Ltd closed the transaction. The company issued 107,518,456 shares at an issue price of CNY 6.5 for gross proceeds of CNY 698,869,964. The transaction included participation from individual investors L ü Qiang for 6,153,846 shares for CNY 39,999,999, Tian Wanbiao for for 6,153,846 shares for CNY 39,999,999, Dong Weiguo for 3,076,923 shares for CNY 19,999,999.50, Wu Wenping for 3,076,923 shares for 19,999,999.50, He Huiqing for 1,538,461 shares for 9,999,996.50 for CNY 9,999,996.50, Liu Xia for 1,538,461 shares for CNY 9,999,996.50.new investor Caitong Fund Management Co., Ltd for 22,367,692 shares for CNY 145,389,998 for 2.59% stake, new investor AEGON-Industrial Fund Management Co., Ltd. for 15,430,769 shares for CNY 100,299,998.50 for 1.79% stake , Light Salt Zhixuan No.

16 Private Securities Investment Fund, a fund managed by Hunan Light Salt Venture Capital Management Co., Ltd for 8,400,000 shares for CNY 54,600,000, China Galaxy Securities Co., Limited for 8,230,769 shares for CNY 53,499,998.50, Suzhou Gaoxin Investment Management Co., Ltd for 4,615,384 shares for CNY 29,999,996, Guotai Asset Management Co., Ltd.for 4,307,692 shares for CNY 27,999,998, UBS AG for 3,461,538 shares for CNY 22,499,997, Ningju Yingshanhong No. 9 Private Securities Investment Fund, a fund managed by Ningbo Ningju Asset Management Center (Limited Partnership) for 3,076,923 shares for CNY 19,999,999.50. Zhejiang Enjoy Investment Management Co.

Ltd.—Enjoy Quantitative Stable Profit Phase 3 Private Equity Securities Investment Fund for 3,706,923 shares for CNY 19,999,999.50, Zhejiang Enjoy Investment Management Co. Ltd.—Enjoy Quantitative Stable Profit Phase 6 Private Equity Securities Investment Fund for 3,076,923 for CNY 19,999,999.50, China Securities Co., Ltd for 3,076,923 shares for CNY 19,999,999.50, Shanghai Mingda Industry (Group) Co., Ltd. for 3,076,923 shares for 19,999,999.50, Shanghai Bansheng Investment Management Co., Ltd.—Bansheng Guotou No. 1 Private Equity Securities Investment Fund for 2,243,076 shares for 14,579,994, and Hangzhou Lexin Investment Management Co., Ltd.—Lexin Haoyang Private Equity Securities Investment Fund for 1,538,461 for CNY 9,999,996.50.

The company paid CNY 10,094,424.18 as expenses.