According to the announcement of Steam Turbine Technology, the company plans to invest 50 million yuan to jointly invest in Shanghai Xinghuan Concentration Technology Co., Ltd. with related parties Hangxi Co., Ltd. and other investors. After the investment is completed, it will acquire 0.66% of the shares of Star Ring Energy. Star Ring Energy will become the company's participating company and will not be included in the scope of the consolidated statement. Hangzhou Oxygen Co., Ltd. is a subsidiary of Hangzhou Capital, the indirect controlling shareholder of the company. This investment constitutes a related transaction, does not constitute a major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration. The investment is priced at 6.8 billion yuan based on Starlink Concentration's pre-investment valuation. The final shareholding ratio is based on the actual investment and capital increase agreements signed by the parties.

According to the announcement of Steam Turbine Technology, the company plans to invest 50 million yuan to jointly invest in Shanghai Xinghuan Concentration Technology Co., Ltd. with related parties Hangxi Co., Ltd. and other investors. After the investment is completed, it will acquire 0.66% of the shares of Star Ring Energy. Star Ring Energy will become the company's participating company and will not be included in the scope of the consolidated statement. Hangzhou Oxygen Co., Ltd. is a subsidiary of Hangzhou Capital, the indirect controlling shareholder of the company. This investment constitutes a related transaction, does not constitute a major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration. The investment is priced at 6.8 billion yuan based on Starlink Concentration's pre-investment valuation. The final shareholding ratio is based on the actual investment and capital increase agreements signed by the parties.