On December 28, 2022, Sinomach Automobile Co., Ltd. closed the transaction. The company has issued 38,913,341 share at an issue price of CNY 7.27 per share, and the total amount of funds raised was CNY 282,899,989.07. The company has paid CNY 3,950,616.30 for this issuance, the actual net funds raised were CNY 278,949,372.77, of which the increase in share capital was CNY 38,913,341 , increasing the capital reserve by CNY 240,036,031.77.

The transaction included participation from China State-owned Enterprise Structural Adjustment Fund Co., Ltd, for CNY 199,999,997.32, Caitong Fund Management Co., Ltd. for CNY 51,999,998.14, and Tianjin Bohai State-Owned Assets Administration Co.Ltd. for CNY 30,899,993.61.