Hangyang Co., Ltd. has declared its intention to co-invest in Shanghai Energy Singularity Technology Co., Ltd. (hereinafter referred to as "Energy Singularity"), alongside esteemed partners such as Zhejiang Hangzhou Turbine Power Technology Group Co., Ltd. As part of this strategic move, Hangyang Co., Ltd. will inject 50 million yuan to secure a 0.66% equity stake in Energy Singularity. This infusion of capital not only solidifies Hangyang Co., Ltd.'s substantial presence in the realm of controllable nuclear fusion but also opens doors to in-depth engagement and exploration of prevailing technological avenues. Moreover, it paves the way for targeted and experimental research and development endeavors focused on pivotal nodes that resonate with the company's core business and exhibit synergistic potential. Ultimately, this investment will empower Hangyang Co., Ltd. to navigate new market frontiers and unearth promising investment prospects within this cutting-edge field.
