AP Energy Technology Invests in Tyco Tianrun

AP Energy Technology announced that its wholly-owned subsidiary Chuangzhi New Energy will sign a "Capital Increase Agreement" with Tyco Tianrun, and plans to invest 100 million yuan in Tyco Tianrun based on a pre-investment valuation of 4 billion yuan, of which 6.256 million yuan will be included in the registered capital, accounting for 2.44% of its registered capital. AP Energy Technology was established in March 2010 and listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange in June 2022. The company focuses on the research and development and production of MLPE component-level power electronic products, including photovoltaic inverters, etc., and the main raw materials are silicon carbide power chips.