Blivex Energy Technology Co., Ltd (SZSE:300116) acquired 18% stake in Blivex New (Wuxi) Energy Technology Co., Ltd from Tian Lihua and Gu Jun for RMB 8.2million on July 8, 2022. Blivex Energy Technology Co., Ltd acquired 14% and 4% stake equity of Blivexxin Wuxi Energy at a consideration of RMB 6,380,000 and RMB 1,820,000 held by Tian Lihua and Gu Jun respectively. Blivex New (Wuxi) Energy Technology Co., Ltd. Reported total assets of RMB 45.2Million , Net assets RMB 27.7 million, Operating income 53.2 million, net profit RMB-7.5 million for the year ended December 2021. The transaction was approved by board of Blivex Energy Technology Co., Ltd.

Blivex Energy Technology Co., Ltd (SZSE:300116) completed the acquisition of 18% stake in Blivex New (Wuxi) Energy Technology Co., Ltd from Tian Lihua and Gu Jun on July 11, 2022.