Securities code: 000537 securities abbreviation: Tianjin Guangyu Development Co.Ltd(000537) Announcement No.: 2022-021 Tianjin Guangyu Development Co.Ltd(000537)
Announcement on foreign investment and establishment of subsidiaries by affiliated companies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
Recently, Jiangsu guangheng new energy Co., Ltd., a subsidiary of Tianjin Guangyu Development Co.Ltd(000537) (hereinafter referred to as the “company” or “listed company”), received the letter on the results of the competitive election for new energy enterprises to settle in Chaisang district and the requirements for the preliminary work of new energy projects from the development and Reform Commission of Jiujiang Chaisang district. In the evaluation of the competitive election, Jiangsu guangheng new energy Co., Ltd. selected relevant new energy projects. In order to meet the preliminary work requirements of the newly acquired project, the company’s subsidiary Luneng new energy (Group) Co., Ltd. (hereinafter referred to as “Luneng new energy”) invested and established its subsidiary Jiangxi Luneng new energy Co., Ltd. (hereinafter referred to as “Jiangxi Luneng new energy”) on February 23, 2022.
The registered capital of Jiangxi Luneng new energy invested and established this time is 20 million yuan, which does not constitute related party transactions and major asset restructuring, and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
2、 Basic information of the investor
1. Company Name: Luneng new energy (Group) Co., Ltd
2. Registered capital: 2458.21 million yuan
3. Legal representative: Jiao Jianjun
4. Address: room 315, building 1, yard 5, Chaoyang Menwai street, Chaoyang District, Beijing
5. Company type: limited liability company (sole proprietorship of legal person)
6. Business scope: energy project investment; Investment management; Charging service; Technology development, technical consultation, technology transfer and technical services; Mechanical equipment leasing (excluding car leasing). (market entities shall independently choose business projects and carry out business activities according to law; projects that must be approved according to law shall carry out business activities according to the approved contents after being approved by relevant departments; they shall not engage in business activities of projects prohibited and restricted by national and municipal industrial policies.)
7. Relationship with listed companies: the company holds 100% equity of Luneng new energy.
8. Luneng new energy is a non dishonest executee.
3、 Basic information of investment in the establishment of wholly-owned subsidiaries
1. Company Name: Jiangxi Luneng new energy Co., Ltd
2. Registered capital: RMB 20 million
3. Type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person)
4. Legal representative: Li Hongyou
5. Business term: February 23, 2022 to long term
6. Business scope: licensed projects: power generation business, power transmission business, power supply (distribution) business, power supply business (projects subject to approval according to law can only be carried out with the approval of relevant departments) general projects: wind power generation technical services, Cecep Solar Energy Co.Ltd(000591) power generation technical services, technical services, technology development, technical consultation, technology exchange, technology transfer and technology promotion, Centralized fast charging station and power generation technical service (except for licensed business, it can independently operate projects not prohibited or restricted by laws and regulations)
3、 Purpose of this foreign investment and its impact on the company
The company invested and established a wholly-owned subsidiary, Jiangxi Luneng new energy, in order to meet the requirements of the local government on the need to register the company locally before the approval of new energy projects, and is responsible for the approval and follow-up of newly acquired projects after the establishment of Jiangxi Luneng new energy.
This investment is conducive to further improve the company’s market layout and enhance the company’s comprehensive competitiveness. It will not have a significant adverse impact on the company’s finance and will not damage the interests of the company and shareholders.
4、 Risk analysis
The business development of the new company is still uncertain. Please pay attention to the investment risks.
It is hereby announced.
Tianjin Guangyu Development Co.Ltd(000537) board of directors
February 25, 2022
