Group 1 - Shanghai Qianluan Energy Co., Ltd. was established on January 22, 2026, with a registered capital of 5 million yuan, and is wholly owned by Shanghai Qianluan Technology Co., Ltd. [1] - The company's business scope includes emerging energy technology research and development, manufacturing and sales of gas and liquid separation and purification equipment, and various technical services [1] - The company is registered in Minhang District, Shanghai, and is currently in operation [1] Group 2 - Shanghai Qianluan Technology Co., Ltd. focuses on anion exchange membrane (AEM) water electrolysis hydrogen production technology and was founded in 2016 [2] - The core technical team of the company originates from Shanghai Jiao Tong University, Foshan Xianhu Laboratory, and the Dalian Institute of Chemical Physics, Chinese Academy of Sciences [2] - In November of the previous year, Ningde Times fully acquired a stake in Shanghai Qianluan Technology Co., Ltd., holding 11.1111% of the shares [2]