51.2v solar energy storage battery pack.ST Jialing's main business changed to lithium battery research

　　On the evening of June 26, *ST Jialing (600877) announced that in view of the fact that the company's major asset sales and issuance of shares to purchase assets and related transactions are being implemented, and the delivery of assets placed and purchased will be completed at the end of April this year, the company The main business has undergone major changes, so the company's business scope and "Articles of Association" have been modified.

　　*ST Jialing is mainly engaged in the research and development, production, sales, testing and service of motorcycles, as well as the production and sales of general machine parts, automobile and motorcycle parts. In 2018, the company achieved revenue of 362 million yuan, a year-on-year decrease of 38.46%; the net profit attributable to shareholders of listed companies was -195 million yuan, compared with 302 million yuan in the same period last year, turning from profit to loss; basic earnings per share was -0.2844 yuan, 0.4388 yuan in the same period last year.

　　According to the announcement, *ST Jialing’s original business scope was the manufacturing and sales of motorcycles, all-terrain vehicles, and special-purpose vehicles. It has been changed to the research of lithium-ion batteries. In response to special requirements such as satellite power supplies and special power supplies, it will develop new technologies, new products, Research on new processes, including research on basic battery mechanisms, development and application of new battery preparation processes, application research on power products for satellites and equipment; battery materials, chemical power sources, physical power sources, power supply systems, etc.; information services (guiding the use and Guarantee), installation and commissioning services, maintenance services, supply services (spare parts and wearing parts), testing services, technical document services, training services, processing and OEM services, etc. Batteries and battery components, electronic component manufacturing, chargers, electronic power supplies, supercapacitors, solar cells and systems, wind and solar power supply systems, UPS power supply products and related raw materials, components, semi-finished products, finished products, production equipment, instruments, R&D, production, sales, technical consulting, technology transfer, project contracting and foreign trade operations of supporting products.

　　Public information shows that *ST Jialing's overall plan for major asset sales and share issuance to purchase assets and related transactions consists of three parts: the free transfer of listed company equity, major asset sales and share issuance to purchase assets. The details are as follows: The company's controlling shareholder China Special Equipment Group Co., Ltd. transferred all the company's equity held by it to China Electronics Technology Group Co., Ltd.'s wholly-owned subsidiary China Electric Power Shen Co., Ltd. for free; the company sold all assets as of January 31, 2018 to Bingzhuang Group in cash and liabilities; the company issued shares to China Electric Power Shen to purchase 100% of the equity of Tianjin Space Power Technology Co., Ltd. it held, and issued shares to Tianjin Lishen Battery Co., Ltd. to purchase 85% of the shares of Tianjin Lishen Special Power Technology Co., Ltd. Equity.

　　The Space Power Supply Department was established by China Power God to develop the special power supply business of its electric energy sector and undertake operating business assets related to special lithium-ion batteries. Lishen Special Electric was established in 2008, formerly known as the Special Power Supply Division of Tianjin Lishen. It is mainly engaged in the research and development, production, sales and technical services of special lithium-ion power supplies.

　　On May 13, *ST Jialing's major asset sales and issuance of shares to purchase assets and related transactions were approved by the China Securities Regulatory Commission's "Reply on Approval of China Jialing Industrial Co., Ltd. (Group)'s issuance of shares to purchase assets from China Electric Power Shen Group Co., Ltd. and others" 》(China Securities Regulatory Commission License [2019] No. 166) approved.

　　At present, the injected assets of 100% equity of Space Power and 85% equity of Lishen Special Electric have been completed, and Space Power and Lishen Special Electric have become *ST Jialing subsidiaries. The follow-up work is yet to be completed, including the free transfer of the state-owned shares of the Bingzhuang Group and the registration and listing of new shares in the asset purchase part of this non-public issuance of shares.

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