Yicheng Xinneng announced that the company held a board meeting on July 31 to review and pass a bill to establish a foreign investment holding subsidiary. The company plans to use its own capital to jointly invest 20 million yuan with Xinjiang Tianhengxing to establish Xinjiang Yichengtian Hengxing New Energy Technology Co., Ltd. The company has pledged 16 million yuan and holds 80% of the shares. This investment does not constitute a related transaction or major asset restructuring. The establishment of a subsidiary will lay out the regional landscape energy storage business. It is expected to have a positive impact on the company's production and operation, but there is uncertainty about approval and operation.

Yicheng Xinneng announced that the company held a board meeting on July 31 to review and pass a bill to establish a foreign investment holding subsidiary. The company plans to use its own capital to jointly invest 20 million yuan with Xinjiang Tianhengxing to establish Xinjiang Yichengtian Hengxing New Energy Technology Co., Ltd. The company has pledged 16 million yuan and holds 80% of the shares. This investment does not constitute a related transaction or major asset restructuring. The establishment of a subsidiary will lay out the regional landscape energy storage business. It is expected to have a positive impact on the company's production and operation, but there is uncertainty about approval and operation.