Recently, Ningde Electric Power Investment New Energy Co., Ltd. has been officially incorporated, with Mr. Tu Yu serving as its legal representative and a registered capital amounting to RMB 800 million. The company's scope of business encompasses self-financed investments, wind and solar power generation technology services, as well as research and development in online energy monitoring technologies. The equity structure reveals that the company is a joint venture between State Power Investment Corporation's Fujian Electric Power, a subsidiary of China Power Construction Corporation, Ningde City Transportation Investment Group, and Fujian Mindong Electric Power.