WZ Group announced that its holding subsidiary, Zhejiang Wuzhou Environmental Protection Energy Co., Ltd., intends to use self-raised funds of 1.457 billion yuan to acquire 100% equity of Huzhou South Taihu Power Technology Co., Ltd. held by Meixin Da Xinhua Energy Co., Ltd. South Taihu Technology is a mature enterprise in the field of cogeneration in Zhejiang Province. The acquisition of 100% equity in the target company reflects the company's optimism about the development prospects of the cogeneration industry and the target company, aiming to enhance the company's market share in the cogeneration field and further consolidate its industry-leading position in the energy sector. This transaction does not require submission to the company's shareholders' meeting for approval but still needs to be submitted to the shareholders' meeting of Wuzhou Environmental Energy for approval