On February 24, 2023, Shenzhen Ruixing Wisdom New Energy Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company received CNY 14.3 million in the transaction.

The transaction included participation from Shenzhen Ruihe Construction Decoration Co., Ltd. The registered capital of the company increased from CNY 10 million to CNY 24.3 million. The shareholding structure of the company remained unchanged, and the company will still hold 100% of the shares . The capital increase of the wholly-owned subsidiary belongs to the approval authority of the company's operation management, and there is no need to submit to the company's board of directors and general meeting of shareholders for review and approval.