Li Lidong, Wu Haiteng, Chen Weiwei, Du Lihui and Chen Jizhan agreed to acquire 30% stake in Fujian Shenhao Engineering Construction Co., Ltd. from Hangzhou Shenhao Technology Co.,LTD. for CNY 5 million.

Hangzhou Shenhao Technology Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of intelligent monitoring products for power equipment. The Company's product types are mainly divided into intelligent inspection robots and intelligent power monitoring and control equipment, which are used in the power generation, transmission and transformation, and distribution of the power system. Intelligent inspection robots include wheeled intelligent inspection robots, rail-mounted intelligent inspection robots, and intelligent hardware, among others. Intelligent power monitoring and control equipment includes intelligent dehumidifiers, secondary pressure plate status monitoring, gas in oil detection equipment, submarine cable channel anchor loss prevention devices, fault monitoring devices, ring network cabinets and box-type switching stations, among others.