China State Construction and China Resources Power Establish New Energy Company

According to the Qichacha APP, recently, Runzhi New Energy Co., Ltd. was established, with Guo Jianqiang as the legal representative. Its business scope includes: power generation business, transmission business, and power supply business; wind power generation technology services; biomass energy technology services; energy storage technology services, etc. Qichacha's equity penetration shows that the company is jointly owned by China State Construction's wholly-owned subsidiary, China State Construction Fifth Engineering Bureau Co., Ltd., and China Resources Power New Energy Investment Co., Ltd.