Minshang Chuangke plans to establish a subsidiary company with Beijing Shengwuyineng and Hainan Juneng to develop renewable energy technology businesses

Minshang Chuangke, Beijing Biotech Energy, and Hainan Juneng plan to establish a subsidiary company to develop renewable energy technology business. According to the cooperation agreement, the three parties will jointly invest 50 million RMB, with Minshang Shenzhen holding 51%, Beijing Biotech Energy holding 35%, and Hainan Juneng holding 14%. This move is a strategic initiative for the company to layout in the emerging green and low-carbon industry, which will accelerate the development of renewable energy. The subsidiary company will leverage Beijing Biotech Energy's technology and team advantages to explore opportunities in the relevant fields