GCL System Integration divests fund units for zero consideration

GCL System Integration Technology transferred 4.2% of its stake in Suzhou Qingsong Lanhuh Health Industry Venture Capital Partnership to two individuals for zero consideration.

The company transferred 2.2% to Chen Weiwei and 2% to Xu Yuangao, both representing unpaid subscription commitments totaling 21 million yuan. Post-transfer, GCL System Integration's holding dropped to 1.8%.

The move supports the company's strategy to focus on its core photovoltaic business.