Zhiyang Innovation and others establish energy companies including power generation technical services business.

According to the Qichacha APP, Beijing Dingfeng Energy Co., Ltd. was recently established with Guo Qing as the legal representative and a registered capital of 34 million yuan. Its business scope includes power generation, power transmission, power supply, sales of power electronic components, sales of power facility equipment, power generation technology services, etc. The equity penetration of Qichacha shows that the company is jointly held by Zhiyang Innovation's wholly-owned subsidiary Shandong Zhiyuan Investment Co., Ltd., Yanqi Zhihui Energy Co., Ltd., etc.