On January 18, 2022, Hang Xiao Steel Structure Co.,Ltd closed the transaction. The company issued 215,373,741 common shares at an issue price of CNY 3.86 per share for gross proceeds of CNY 831,342,640.26. The transaction included participation from First State Cinda Fund Management Co., Ltd. for CNY 41,742,673.04, Guangdong Dehui Investment Management Co., Ltd.-Dehui Quanqiu Preferred Private Securities Investment Fund for CNY 49,999,996.62, Guangdong Dehui Investment Management Co., Ltd.-Dehui Zunxiang Private Securities Investment Fund for CNY 49,999,996.62, Guangdong Dehui Investment Management Co., Ltd.-Dehui Zunxiang No.

9 Private Securities Investment Fund for CNY 29,999,997.20, Guangdong Dehui Investment Management Co., Ltd.-Dehui Preferred Private Securities Investment Fund for CNY 29,999,997.20, Shandong Huihan Industrial Development Co., Ltd. for CNY 49,999,996.62, Haitong Securities Co., Ltd. for CNY 39,999,998.84, UBS AG for CNY 62,499,996.74, Caitong Fund Management Co., Ltd. for CNY 185,799,999.90, Guotai Junan Securities Co., Ltd. for CNY 111,999,999.84, Nuode Asset Management Co,. Ltd. for CNY 30,299,996.40, Jiang Pu for CNY 29,999,997.20, Ceng Xianghong for CNY 39,999,998.84, He Xiao Juan for CNY 39,999,998.84, China Galaxy Securities Co., Ltd. for CNY 38,999,996.36.