Securities code: Trina Solar Co.Ltd(688599) securities abbreviation: Trina Solar Co.Ltd(688599) Announcement No.: 2022023 convertible bond Code: 118002 convertible bond abbreviation: Trina Solar convertible bond
Trina Solar Co.Ltd(688599)
On voluntary disclosure, it is proposed to sign a contract with the people’s Government of Linze County
Announcement of energy storage project investment agreement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Trina Solar Co.Ltd(688599) (hereinafter referred to as “the company”), a wholly-owned subsidiary of Jiangsu Tianhe Cecep Solar Energy Co.Ltd(000591) Power Development Co., Ltd. (hereinafter referred to as “Tianhe power” or “Party B”), plans to invest in the construction of Linze Tianhai 200MW / 400mwh shared energy storage power station project (hereinafter referred to as “energy storage project”) in Linze County, mainly to build a 200MW / 400mwh shared energy storage power station, Output line and relevant supporting facilities.
The investment agreement to be signed this time (hereinafter referred to as “this Agreement”) is only a reasonable estimate made by both parties under the current conditions in combination with the market environment. The actual implementation may be different from the expectation, which does not represent the company’s prediction of future performance, nor does it constitute a performance commitment to investors. The impact of the performance of this Agreement on the company’s financial situation and operating performance in 2022 is uncertain.
Risk warning: at present, the company has not signed a formal contract with the counterparty, and the signing time and performance arrangement of the contract are still uncertain. The total amount, specific implementation, performance terms and other relevant contents of the energy storage project are subject to the officially signed contract. During the performance of the contract, if the impact of factors such as unpredictable or force majeure may lead to the risk that the contract cannot be fully performed or terminated, please make careful decisions and pay attention to preventing investment risks.
1、 Overview of foreign investment
According to the operation and development needs of the company, Trina Solar power plans to invest in the construction of Linze Tianhai 200MW / 400mwh shared energy storage power station project in Linze County, mainly building a 200MW / 400mwh shared energy storage power station, output lines and relevant supporting facilities.
This agreement is an investment cooperation agreement reached through friendly negotiation between both parties. It is a voluntary disclosure of the company and does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation. The company will timely perform the corresponding information disclosure obligations according to the progress of cooperation matters.
This foreign investment does not belong to related party transactions and major asset restructuring.
2、 Basic information of the subject of the investment agreement
(I) name of the other party: Linze County People’s Government (hereinafter referred to as “Linze government” or “party a”) (II) Nature: local government organization
(III) registered address: No. 169, Xianfu street, Linze County, Zhangye City
(IV) legal representative: Yan Kedong
(V) there is no relationship with the company.
3、 Main contents of investment agreement
After the study of the leading group of local government institutions, Party A agrees Party B to invest in the shared energy storage power station project in Party A’s location, mainly to build a 200MW / 400mwh shared energy storage power station, output line and relevant supporting facilities. 1. Project name: Linze Tianhai 200MW / 400mwh shared energy storage power station project.
2. Project site selection: Party B applies to confirm the project address within the jurisdiction of Party A according to the needs of project construction and national policies and regulations.
3. Construction plan: the project is planned to be completed in December 2022. The details are determined according to the agreement and the actual situation.
4、 The impact of foreign investment on Listed Companies
The signing of this investment agreement will help the company take advantage of the local policies and industrial supporting advantages of Zhangye City to further strengthen the company’s advantages in energy storage business and enhance the company’s comprehensive competitiveness, which is in line with the company’s long-term development plan.
5、 Risk analysis of foreign investment
At present, the company has not signed a formal contract with the counterparty, and the signing time and performance arrangement of the contract are still uncertain. The total amount, specific implementation, performance terms and other relevant contents of the energy storage project are subject to the officially signed contract. During the performance of the contract, if the impact of factors such as unpredictable or force majeure may lead to the risk that the contract cannot be fully performed or terminated, please make careful decisions and pay attention to preventing investment risks.
It is hereby announced.
Trina Solar Co.Ltd(688599) board of directors March 9, 2022
