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Refundable Deposit for Investment | 6 Months Ended
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Jun. 30, 2024
Refundable Deposit for Investment [Abstract] |
REFUNDABLE DEPOSIT FOR INVESTMENT | 12. REFUNDABLE DEPOSIT FOR INVESTMENT The balance of RMB58,953 (US$8,112) at the end of June 30,2024 represented loans in the original aggregate principal amount RMB80,183 made to Shanghai Lingneng Electricity Selling Co., Ltd. (“SH Lingneng”) for its operations pursuant to loan agreements entered into in 2019, bearing an interest rate of 3% per annum. Subsequently in August 2022, AHYS entered into a term sheet, the result of which would be an investment into SH Lingneng’s interest equity (the “Transaction”) by AHYS. The final terms and arrangements of this potential Transaction will be determined by Share Purchase Agreement (“SPA”), Shareholders’ Agreement (“SHA”), Memorandum of Association (“MA”) and other documents associated with the Transaction. On February 28, 2024, AHYS entered into a termination agreement (“Termination Agreement”) to terminate the Transaction with SH Lingneng. According to the terms in the Termination Agreement, SH Lingneng should repay all investment funds before December 31, 2026. AHYS has collected RMB13,821 (US$1,902) during the six months ended June 30, 2024.

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