Recently, Beijing Likon Yuantong Technology Co., LTD. (hereinafter referred to as “Likon Technology”) and China Petrochemical Group Capital Company Limited (hereinafter referred to as “Sinopec Capital”) successfully signed a capital increase agreement and completed the delivery. After the completion of this round of equity financing, Sinopec Capital has become an important shareholder of Power control Technology. Power Control Technology will take this opportunity to further make precise efforts in product innovation iteration and product line expansion, and continue to build the basic platform and adaptive products of industrial software and industrial control information security to better serve our customers.

Relying on Sinopec Group’s strong capital advantages and scientific and technological advantages, Sinopec Capital focuses on strategic emerging industries such as new energy, new materials, energy conservation and environmental protection, high-end intelligent manufacturing, big data and artificial intelligence to promote the virtuous cycle of finance, science and technology and industry and enable green, low-carbon and sustainable development.

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As an excellent industrial software product developer and solution provider, Power Control Technology focuses on the development of intelligent management and control products and industry solutions in the fields of China’s Industry 4.0 and smart municipal, and integrates its rich product lines into all aspects of the industrial Internet system, providing multi-level hardware and software products and industry solutions from automation, digitalization to intelligence.

In more than 20 years of forging ahead in the development process, Power control technology has grown into the head brand of industrial software subdivision circuit, to achieve the full coverage of industrial software + industrial control information security in the field of industrial Internet, business covers petrochemical, oil and gas, mining, metallurgy, municipal and other key industries that determine the development of the national economy. With the ability of independent innovation, Power Control technology has been highly recognized by the market in terms of technical strength and development prospects, and has obtained strategic investment from mainstream investment institutions such as Hangshi Capital Management, Cornerstone Fund, Qianhai Equity Fund, and SCIC.

The success of the B round of financing reflects Sinopec Capital’s full trust in the technical strength and operating ability of Power control technology, and will inject new momentum into the scientific and technological innovation and high-quality development of Power Control technology. In the future, Power Control technology will continue to deepen the industrial software industry, uphold advanced technology and high-quality service, practice the national strategy, lead innovation demonstration, continue to research and develop innovation, explore openness and win-win, contribute to the substitution of industrial software localization, and write a new chapter for China’s Industry 4.0!