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Wallstreetcn
2026.01.14 11:59

DRINDA: The company plans to invest RMB 30 million in cash to subscribe for an increase in registered capital of RMB 461,539 in Shanghai Xingyi Xinneng Technology Co., Ltd., acquiring 16.6667% equity in Xingyi Xinneng. Xingyi Xinneng is a project company newly established by the founder and founding shareholders of Hangzhou Shangyi Optoelectronic Technology Co., Ltd. to undertake all assets, personnel, and business of Shangyi Optoelectronic. Subsequently, Shangyi Optoelectronic will be adjusted to become a wholly-owned subsidiary of Xingyi Xinneng. This cooperation helps the company strategically extend from the ground photovoltaic field to the space photovoltaic field