$CNCT operates mainly as a holdings company with focus in the development of electronic power, battery energy and consumer electronics. The Company is exploring oppotunities in the lithium battery industry with the recent share exchange agreement with Shenzhen Jinke Energe Development Co., LTD. Organized under the laws of the People's Republic of China, Schenzen Jinke and China Telecom Holdings forged a unique relationship in which 51% of the issued and outstanding equity of Jinke was purchased.