According to Zhitong Finance App, Hangzhou Oxygen Co., Ltd. (002430.SZ) announced that the company plans to jointly invest in Shanghai Xinghuan Concentration Energy Technology Co., Ltd. with Zhejiang Hangzhou Steam Turbine Power Technology Group Co., Ltd. and other investors (“Xinghuan Concentration Energy” for short). Among them, the company invested 50 million yuan to acquire 0.66% of Starlink Concentration Energy. After the investment is completed, Star Ring Energy will become the company's participating company and will not be included in the scope of the company's consolidated statements.

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