Fujian Snowman plans to establish Fujian Opcon Energy Technology with Opcon AB. The JV, with registered capital of CNY 98 million, will focus on producing screw expanding generators. Snowman and Opcon each will control a 51% and 49% stake in it with investment of CNY 50 million and CNY 48 million.

Opcon will grant a regional exclusive license to Snowman for CNY 72 million. CNY 48 million will paid as investment for registered capital and the rest will be paid as royalty.