Guoxuan High-tech acquires Shanghai Wuyang Marine Technology Co., Ltd.

In December 2019, Guoxuan High-Tech acquired 51% of the shares of the former Shanghai Wuyang Marine Technology Co., Ltd. and reorganized the latter into Shanghai Guoxuan Wuyang Marine Technology Co., Ltd., and began to enter the shipbuilding field. In March 2020, Shanghai Guoxuan Wuyang Marine Technology Co., Ltd. won the first batch of orders for 3 sets of marine power lithium battery systems.