Hefei Taihe Intelligent Technology Group (603656.SH) plans to acquire 100% equity of Sunshine Storage for 45.80 million yuan.

Hefei Taihe Intelligent Technology Group (603656.SH) announced that the company plans to acquire 100% of the equity of Anhui Yangguang Youchu New Energy Co., Ltd. (hereinafter referred to as "Yangguang Youchu" or the "target company") held by Yangguang New Energy Development Co., Ltd. (hereinafter referred to as "Yangguang New Energy") in cash, with a transaction amount of 45.8 million yuan. The listed company stated that in order to expand its energy storage business for industrial and commercial users (referring to energy storage systems installed on the power consumption side of factories, office buildings, etc., which generate profits through peak-valley arbitrage by utilizing the price difference in electricity rates between peak and off-peak hours, and is a typical application of distributed energy storage on the user side), the company will acquire 100% of the equity of Yangguang Youchu.