WELLSUN announced that the company, together with Shanghai Chenkun Jun'an Enterprise Management Partnership, has jointly invested to establish Shanghai WELLSUN New Energy Co., Ltd., with a registered capital of 20 million yuan. Among them, WELLSUN contributed 15 million yuan with its own funds, holding a 75% stake. Shanghai WELLSUN New Energy Co., Ltd. has obtained a business license and has become a holding subsidiary of the company. This investment aims to meet the company's strategic planning and future development needs, integrate resource advantages, expand business layout, enhance comprehensive competitiveness, and has positive significance for the company's long-term development