According to GCL Energy Technology's announcement, the company plans to declare the issuance of infrastructure public REITs. The matter still needs to be submitted to the company's shareholders' meeting for consideration. It does not constitute a related transaction or major asset restructuring. It is currently in the reporting stage, and will need to be reviewed and approved by regulators such as the National Development and Reform Commission, the China Securities Regulatory Commission, and the Shenzhen Stock Exchange. The underlying assets to be invested in Sihong and Xinghua wind power projects, with a total installed capacity of 125 MW and a total financial investment of about 1.154 billion yuan. They were all connected to the grid at full capacity by the end of 2020. The net recovery funds are intended to be used for investment in ongoing and new construction projects such as the Jiande Pumped Energy Storage Project.

According to GCL Energy Technology's announcement, the company plans to declare the issuance of infrastructure public REITs. The matter still needs to be submitted to the company's shareholders' meeting for consideration. It does not constitute a related transaction or major asset restructuring. It is currently in the reporting stage, and will need to be reviewed and approved by regulators such as the National Development and Reform Commission, the China Securities Regulatory Commission, and the Shenzhen Stock Exchange. The underlying assets to be invested in Sihong and Xinghua wind power projects, with a total installed capacity of 125 MW and a total financial investment of about 1.154 billion yuan. They were all connected to the grid at full capacity by the end of 2020. The net recovery funds are intended to be used for investment in ongoing and new construction projects such as the Jiande Pumped Energy Storage Project.