Qingdao Xiaocaishen Asset Management Co., Ltd. entered into an agreement to acquire 10% stake in Nantong Zhongjin Qijiang Equity Investment Partnership Enterprise (Limited Partnership) from GCL System Integration Technology Co., Ltd. for CNY 0.

GCL System Integration Technology Co., Ltd., formerly SHANGHAI CHAORI SOLAR ENERGY SCIENCE&TECHNOLOGY CO., LTD., is a China-based company principally engaged in the provision of integrated energy systems services. The Company's main business includes the research and development, manufacturing and sales of efficient batteries, differentiated components, systems integration products and energy storage related products. The Company is also engaged in the provision of original equipment manufacturer (OEM) services for components. The Company mainly operates its businesses in the domestic and overseas markets.