Securities code: 002665 securities abbreviation: Shouhang High-Tech Energy Co.Ltd(002665) Announcement No.: 2021-084 Shouhang High-Tech Energy Co.Ltd(002665)
Announcement on the signing of cooperation agreement between the company and the people’s Government of Suzhou District, Jiuquan City
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 agreement signing
1. Whereas, Jiuquan, Gansu Province is rich in light resources and land resources, Shouhang High-Tech Energy Co.Ltd(002665) (hereinafter referred to as “company” or ” Shouhang High-Tech Energy Co.Ltd(002665) ” or “Party B”) ）The assets of solar thermal power station are mainly distributed in Jiuquan area, and the multi energy complementary projects of solar thermal + photovoltaic + wind power mutual regulation being declared by the company are also widely distributed in Jiuquan area. In order to reduce management costs, improve work efficiency and meet the needs of the company’s clean energy industry layout in Jiuquan area, the company plans to move to Suzhou District, Jiuquan City, Gansu Province.
Recently, The company and the people’s Government of Suzhou District, Jiuquan City (hereinafter referred to as “party a”) signed the cooperation agreement through friendly negotiation 。 According to the agreement, after the company completes the relocation related procedures, the government of Suzhou District, Jiuquan city will provide the company with a certain amount of relocation subsidy in batches according to the relocation procedure node of the company. At the same time, according to the project application of the company, Suzhou district government ensures that the new energy project applied by the company in Jiuquan is approved and ready for full commencement in 2022.
2. The signing of the cooperation agreement does not constitute a related party transaction, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange and the articles of association, the detailed implementation procedures for specific project investment have not been involved at present, Therefore, this Agreement does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
3. In the future, according to the relocation related matters involved in the cooperation agreement, the company will timely perform the corresponding review procedures and submit them to the board of directors for review in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange and the articles of association.
2、 Main contents of cooperation agreement
1. Party B shall move the registered address of the listed company Shouhang High-Tech Energy Co.Ltd(002665) to the city under the jurisdiction of Party A, carry out operation and tax payment according to law, and implement the technical integration and EPC general contracting business of new energy power generation projects by the legal entity in the city under the jurisdiction of Party A, leaving all taxes locally. Within 20 working days after the signing of this agreement, Party B shall take the lead in establishing a wholly-owned or joint venture subsidiary with Party A in Suzhou District to undertake the undertaking unit of Party B’s new energy power generation project technology integration and EPC general contracting business orders during and after the relocation, so as to ensure that the order taxes during and after the relocation are retained in Suzhou District.
2. Party B shall invest in the construction of a number of “solar thermal + photovoltaic + wind power” and “photovoltaic + energy storage” new energy power generation bases in the cities under the jurisdiction of Jiuquan City, with a total installed capacity of 5 million KW and an average annual capacity of no less than 1 million KW. The specific ratio shall comply with the relevant provisions of the national competent authorities. Party A shall coordinate with the Jiuquan municipal government and relevant departments of Gansu Province to get the relevant indicators approved in time.
3. Party B shall choose a land of no more than 15 mu in the urban area of Suzhou to build the enterprise headquarters. The relevant construction shall meet the planning requirements, and move the enterprise postdoctoral scientific research workstation and national enterprise center together. New technologies, new businesses and new projects in line with the industrial development direction of Suzhou District shall be incubated in Suzhou District first. When the conditions are ripe, a legal person enterprise shall be established in Suzhou to carry out business.
3、 Rights and obligations of both parties to the contract agreement
1. Party B will relocate the company’s headquarters to Suzhou District, Jiuquan City, and the enterprise’s registered place is in Suzhou.
2. In accordance with the relevant approval and management regulations of Jiuquan new energy resources, Party A urges Party B and Jiuquan Municipal People’s government to sign the relevant resource development agreement in accordance with Article 2 of the cooperation content of this agreement.
3. When the headquarters of Party B’s company is relocated to Suzhou District, Jiuquan City, Party A shall provide a certain amount of relocation subsidy to Party B’s company in batches according to the relocation procedure node of the company.
4. Party A shall ensure that the “photovoltaic + energy storage” project declared by Party B in Suzhou district can be approved and meet the conditions for commencement before 2022.
5. Party A shall give appropriate preference to Party B in terms of new energy resources, allow Party B to carry out preliminary work in terms of new energy resources, land resources and power grid access capacity, and actively coordinate with relevant departments of Gansu Province so that relevant projects of Party B can be approved in time.
6. Party B may cooperate with powerful enterprises such as central enterprises and provincial state-owned enterprises, and shall reasonably allocate various resources and elements for project implementation to ensure that the approved project is completed within the specified time.
7. The land of Party B’s new headquarters shall be obtained in strict accordance with the method of bidding, auction and listing, and the local retained part of the land transfer fee shall be fully rewarded by Party A to Party B.
8. Before Party B’s new headquarters is put into use, Party A shall assist Party B in leasing temporary office space.
9. Party A shall actively assist Party B in carrying out the relocation work, determine special personnel to assist Party B in coordinating relevant departments, and ensure the relocation work to be carried out quickly and efficiently with the most favorable conditions.
10. Party a fully supports Party B to enjoy various national preferential policies, and supports Party B to strive for the classification of national plans, fund subsidies and the application and implementation of corresponding special supporting policies.
4、 Impact on Listed Companies
1. The company has been actively promoting the development of new energy business focusing on solar thermal power generation for many years. At present, the company’s China solar thermal power generation projects are mainly concentrated in Gansu, Qinghai, Xinjiang, Inner Mongolia, Jilin and other places. Jiuquan, Gansu has good geographical advantages and rich new energy resources. This cooperation is based on the company’s existing high-quality assets in Dunhuang and Yumen, Jiuquan, Further promote the coordinated development of the company’s resource development sector in the field of new energy in Jiuquan City. With the promotion of cooperation between the company and Suzhou District Government of Jiuquan City, the company will form a more comprehensive ecological layout of the whole new energy industry chain based on Jiuquan City.
2. This cooperation is in line with the company’s strategic development direction. The signing of this agreement is conducive to promoting win-win cooperation between government and enterprises. With the promotion and implementation of this cooperation, it is conducive to further improving the company’s coordinated development of resource development in the new energy field, and will not have a significant impact on the company’s financial status and operating results this year, It is expected to have a positive impact on the company’s future business development. This cooperation does not harm the interests of listed companies and shareholders.
5、 Risk tips
1. In case of relevant policy adjustment or change of implementation conditions, the implementation of the cooperation project may not be promoted on time according to the contents of the agreement signed by both parties.
2. The signing of the agreement will not have a significant impact on the company’s operation in the short term, and will not have a significant impact on the company’s income and profits in the short term. Please pay attention to the relevant risks.
6、 Documents for future reference
1. The cooperation agreement signed by the company and the people’s Government of Suzhou District, Jiuquan City.
It is hereby announced.
Shouhang High-Tech Energy Co.Ltd(002665) board of directors
December 26, 2021
