Changzhou Hesheng New Energy Technology Co., Ltd. announced that it has entered into an investment agreement and will issue common shares for proceeds of CNY 81,221,321 on June 27, 2022. The transaction will include participation from new investors Chizhou Junda Equity Investment Partnership Enterprise (Limited Partnership) for 5% and Suzhou SLAC Precision Equipment CO.,Ltd. for 55% stake. The transaction has been approved by the 14th session of the Suzhou SLAC Precision Equipment CO.,Ltd.'s 5th directorate and the 12th session of Suzhou SLAC Precision Equipment CO.,Ltd.'s 5th supervisory board.

The registered capital of the company is CNY 84,635,626.23.