In March 2020, Luen Mei Quantum announced its plan to spin off its subsidiary Mega-info Media, which was to be listed on ChiNext. After the spinoff was completed, Luen Mei Quantum retained its control over Mega-info Media.
In March 2020, Luen Mei Quantum acquired 49% of the shares in Huadian Fuxin Energy Corporation Limited in Shanghai. In this way, it partnered with a Central Government-owned enterprise in jointly operating the NECC (Shanghai) energy station and deployed its natural gas distributed cooling/heating/electricity integrated supply business, laying a solid foundation for it to enter the “warm winter & cool summer” market in South China.
In April 2020, Luen Mei Quantum signed the heat/electricity integrated generation “Project Agreement” with the People’s Government of Sujiatun District, Shenyang City, under which the company would invest in a major heat/electricity generation integrated generation project in the district.