Guoxuan High-Tech's battery company increased its capital to 1.21 billion, and Chongqing International Trust became a shareholder.

According to the Tianyancha App, Tangshan Guoxuan Battery Co., Ltd. recently underwent a business change, with Chongqing International Trust Co., Ltd. being added as a shareholder. At the same time, the registered capital increased from 1 billion RMB to approximately 1.21 billion RMB, an increase of about 21%. Tangshan Guoxuan Battery Co., Ltd. was established in August 2016, with Ge Daobin as the legal representative. Its business scope includes battery manufacturing, battery sales, battery accessories production, sales of new energy vehicle battery accessories, sales of new energy vehicle battery swapping facilities, wind and electric tool manufacturing, recycling and utilization of waste power batteries in new energy vehicles, research and development of resource recycling technologies, and sales of motor vehicle charging facilities. Shareholder information shows that the company is currently jointly held by Guoxuan High-Tech Co., Ltd.'s subsidiary Hefei Guoxuan High-Tech Power Energy Co., Ltd. and the aforementioned new shareholder.