Guizhou Chenting Power Equipment Manufacturing Co., Ltd. announced that it will receive CNY 49,500,000 form of assets and currency, of which: the assets are intangible assets, inventories, production equipment and other assets, and the remaining part will be supplemented by monetary funds on August 22, 2022. After the capital increase is completed, the registered capital of the company will be changed to CNY 50,000,000. The transaction has been approved by the board of directors.