Xidian New Energy: plans to invest 100 million yuan to establish a wholly-owned subsidiary company.

Western New Energy announced that the company plans to establish a wholly-owned subsidiary, Suzhou Western New Energy Technology Co., Ltd., with a registered capital of 100 million yuan funded by its own capital. The new company's registered capital is 100 million yuan, with the company holding 100% of the shares. The business scope includes technology research and development, consulting services, manufacturing of automobile parts and accessories, manufacturing of power distribution and control equipment, and manufacturing of general parts. This investment is an important link for the company to expand the upstream signal acquisition industry chain from the CCS industry, which is conducive to further expanding and strengthening new technology route products.