Shichuang Energy announced that its wholly-owned subsidiary, Shichuang Electrical Utilities, plans to invest 5 million yuan jointly with Jiangsu Ruiyuan to establish Changzhou Shiru Energy Co., Ltd. (subject to the name approved by the company registration authority). Among them, Shichuang Electrical Utilities intends to invest 3.5 million yuan, accounting for 70% of the registered capital, while Jiangsu Ruiyuan intends to invest 1.5 million yuan, accounting for 30% of the registered capital. Shiru Energy will be the holding subsidiary of the company, and in the future, it will mainly engage in the promotion and application of green new energy and photovoltaic power generation.