Great China New Energy: Intends to acquire 75% equity of Suzhou Tianhua era for 1.254 billion yuan.

Tianhua New Energy announced that the company plans to acquire 75% equity of Suzhou Tianhua Era New Energy Industry Investment Co., Ltd., held by controlling shareholder Pei Zhenhua, for 1.254 billion yuan. After the completion of this transaction, Suzhou Tianhua Era will become a wholly-owned subsidiary of the company. Suzhou Tianhua Era mainly focuses on overseas lithium mine resource investment and development. This acquisition will be beneficial for the company's long-term development layout and future economic benefits improvement.