[Tianchen shares: plans to set up a wholly-owned subsidiary at 500 million yuan] May 15, Tianchen shares announced that the company intends to use 500 million yuan of its own capital to invest in the establishment of a wholly-owned subsidiary "Tianchen Green Energy Technology (Wuhu) Co., Ltd." ("the target company"). The business scope is proposed to be "general projects: photovoltaic equipment and components manufacturing; photovoltaic equipment and components sales; semiconductor device equipment manufacturing; semiconductor device equipment sales; contract energy management; energy storage technology services; emerging energy technology research and development; new energy vehicle waste power battery recovery and echelon utilization (excluding hazardous waste management), etc. Post-permit project: construction project construction (except nuclear power plant construction and operation, civil airport construction).