ET Solar Inc., previously an affiliate company of us, entered into reorganization proceedings in December 2017. Thereafter, new investor acquired ET Solar Inc. on February 11, 2019. After the acquisition, ET Solar Inc. has settled all its debts in accordance with the reorganization plan and has been operating well ever since. Furthermore, all rights to use the trademark of “ET Solar” has been vested to ET Solar Inc. from February 11, 2019.
We are no longer related to ET Solar Inc. after its restructuring. Now, as an independent operating entity in China, we have our own assets and debts which has no relationship with ET Solar Inc. or ET Solar Power Hong Kong Limited.
ET Solar New Energy Co., Ltd
January 30th, 2020