Wuxi Huaguang Environment & Energy Group Co.,Ltd. signed a Share Transfer Agreement to acquire 35% stake in Gaozhou GCL Gas Distributed Energy Co., Ltd. from Guangzhou GCL Lantian Gas Thermal Power Co., Ltd. and Ningbo Jiangbei Xinlan Investment Management Center for CNY 42 million on March 24, 2023. As of June 30, 2022, Gaozhou GCL Gas Distributed Energy Co., Ltd. reported total assets of approximately CNY 730 million and total common equity of approximately CNY 100 million.