On March 27, 2024, Wenzhou Yihua Connector Co., Ltd. closed the transaction. The company issued 16,567,996 A shares at a price of CNY 32.19 per share for gross proceeds of CNY 533,323,791.24. The company incurred issue expenses - the sponsor and underwriting fees of CNY 11,792,452.83 and other issuance fees of CNY 722,233.96.

The company will add CNY 16,567,996.00 as registered capital, and CNY 504,241,108.45 as capital reserve. The transaction included participation from new investors J.P. Morgan Securities plc, Dacheng Fund Management Co., Ltd., China Great Wall Securities Co.,Ltd., Hunan Light Salt Venture Capital Management Co., Ltd., Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Lishui Fuchu Equity Investment Partnership Enterprise (Limited Partnership), Guotai Junan Securities Co., Ltd., Lin Jintao, Yang Yuezhi