On May 13th, the signing ceremony of the share acquisition between Shanghai Torch Electron Technology Group (“Torch Group”) and Anhui Rongke Zhikong Technology Co. The leaders of the Group and all subsidiaries attended and witnessed this historic moment. The acquisition marks Torch Group's formal entry into the new energy thermal management track, which will help improve energy utilization efficiency and promote the construction of the Group's intelligent energy ecological matrix through vertical synergy of the industrial chain and cross-border integration of technologies.
Mr. Cai Jinjun, Chairman of Torch Group, pointed out in his speech that quality culture and responsibility are the genes engraved in the bones of Torch, and said that it will accelerate the layout of high-growth tracks such as intelligent energy storage by grafting the innovative genes of Rongke Zhikong in the field of new energy thermal management, and build a more competitive and resilient industrial ecosystem with the integration of technological innovations and the sharing of market channels in efficient synergy.
Mr. Hong Siming, General Manager of Rongke ZhiControl, thanked Torch Group for its trust and said that Rongke ZhiControl will rely on Torch Group's strong industrial resources and globalization platform to accelerate the development of multi-scenario and large-scale application of thermal management technology, and provide the Group's strategy in the field of new energy with an innovative engine with both technological innovativeness and quality competitiveness, so that the new paradigm of industrial synergy, which is “1+1>2”, can be achieved hand in hand. Together, we will write a new paradigm of “1+1>2” industrial synergy.
New energy thermal management technology is the core support for building a new energy system, which plays a key role in energy saving, emission reduction and energy utilization efficiency improvement. As a new force in the field of new energy thermal management, Rongke ZhiControl, with its excellent technological innovation ability and keen market insight, has shown broad prospects for business development. Under the joint witness of the attending guests, both parties signed the 51% equity acquisition agreement, and Rongke Zhikong officially became a controlling subsidiary of Torch Group.
In the industrial change led by the “dual-carbon” strategy, Torch Group takes science and technology innovation as the axis and continues to expand the industrial ecological boundary. Entering into the field of new energy thermal management is another stroke of embracing the development of the times and practicing the concept of sustainable development after the construction of “green factory” in Zihua Park - polishing the “bear” color! The company will inject surging kinetic energy into the construction of “Green China” with the power of torch!
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