On the evening of July 29,Canlon issued the "Announcement on Proposed Investing and Establishing a Joint Venture", and planned to cooperate with Ligao Real Estate Group Co., Ltd., Shenzhen China Merchants Guoxie No. 2 Equity Investment Fund Management Co., Ltd., and China Energy Construction Group Southern Construction Investment Co., Ltd., a listed company in an agriculture-related sector, Shenzhen Gaohe Pengrun Investment Partnership (Limited Partnership), and Shenzhen Qianhai Fuxintong Capital Management Co., Ltd. They signed the "Strategic Cooperation Framework Agreement" and memorandum, and Invested in the establishment of Quanyu Low Carbon (Shenzhen) Technology Co., Ltd. (tentative name).