Funeng Oriental Equipment Technology (300173.SZ) announced that the company and its controlling shareholder, Foshan Control Group, signed the Letter of Intent for Equity Acquisition regarding its holding of 40.01% equity of Southern Power Grid Comprehensive Energy (Foshan) Co., Ltd. The target company is mainly engaged in distributed photovoltaic power generation business, with rich experience in photovoltaic construction and operation maintenance in Foshan market and strong competitiveness in various financial indicators. This transaction is conducive to Funeng Oriental Equipment Technology's extension of the new energy industry chain, entering the field of photovoltaic power generation, and gradually expanding photovoltaic equipment business.