On September 25, Tongrun Equipment announced that. Shanghai Zhengtai Power Supply System Co., Ltd., a holding subsidiary, intends to participate in the transfer of part of the assets of China Power Electric (Shanghai) Solar Energy Technology Co., Ltd. (Guangfu, Songjiang District, Shanghai) publicly listed on the Shanghai United Property Exchange at a price not less than 310 million yuan . No.5999 Lin Road (real estate and ancillary facilities in the factory area), and participated in the transfer of fixed assets, machinery and equipment on the project with no less than 5.650316 million yuan. The total amount of real estate, ancillary facilities and equipment assets to be auctioned is not more than 350 million yuan . Tongrun
Equipment said that the auction of assets is to optimize and adjust the company's industrial layout, meet the needs of the company and its subsidiaries'business development, and conform to the company's strategic development plan. The funds for this auction of assets come from the self-raised funds of the Company and its subsidiaries, which will not affect the normal operation of the existing business of the Company, will not have a significant impact on the financial and operating conditions of the Company, and will not damage the interests of the Company and all shareholders. In the first half of
2023, Tongrun Equipment completed asset restructuring and transfer of control rights, and the controlling shareholder was changed to Zhengtai Electrical Appliances . Its main business has also expanded from traditional metal products business to photovoltaic inverter and energy storage business, forming a business pattern of dual main business driving and multi-product development.