Securities code: Jiangsu Sunshine Co.Ltd(600220) securities abbreviation: Jiangsu Sunshine Co.Ltd(600220) Announcement No.: lin2022004 announcement on foreign investment of Jiangsu Yang Guang Co.Ltd(000608) Co., Ltd
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Name of investment object: Inner Mongolia Cheng'an new energy Co., Ltd. (tentative name, the above information shall be subject to industrial and commercial registration) (hereinafter referred to as "new company")
Registered capital: 2 billion yuan
The foreign investment of Jiangsu Yang Guang Co.Ltd(000608) Co., Ltd. (hereinafter referred to as "the company" or "the company") has been deliberated and approved at the 9th meeting of the 8th board of directors of the company and needs to be submitted to the general meeting of shareholders of the company for deliberation.
Special risk tips:
The company has not yet signed the specific preparation agreement for the future project, and the company has not yet signed the specific project related to the land. The specific investment amount of the project shall be subject to the actual development. The company will timely perform the corresponding information disclosure obligations according to the progress of the newly established company and its proposed investment project.
2. After the establishment of the new company, it plans to carry out new business in the future. At present, the company has limited reserves in technology, talents and experience, and there is still uncertainty whether it can support the smooth implementation of the project.
3. The new company has not been established yet, and there are still uncertainties in the development of relevant projects and future operations, which will not have a significant impact on the company's operating performance at present. After the establishment of the new company, there is still uncertainty in the future business development and operation, and the impact on the future performance of the company is uncertain.
4. The proposed establishment of the new company still needs the approval of the administrative department for Industry and commerce, and the projects to be carried out in the future also need the approval of relevant departments, which is uncertain.
5. The registered capital of the new company is only a preliminary intention, which will be invested and adjusted according to the actual development of the investment project. As of September 30, 2021, the monetary capital in the consolidated statements of the company is 420 million. The amount involved in this investment is large, and the financing plan is not clear at present.
1、 Investment overview
1. In order to improve the company's comprehensive competitiveness and profitability, the company plans to set up a wholly-owned subsidiary, Inner Mongolia Cheng'an new energy Co., Ltd., with a registered capital of 2 billion, which will be invested and adjusted according to the actual development of the investment project.
2. Deliberation of the board of directors: on March 7, 2022, the ninth meeting of the eighth board of directors of the company deliberated and adopted the proposal on the establishment of wholly-owned subsidiaries by the company's foreign investment with 7 affirmative votes, 0 negative votes and 0 abstention votes. According to the Listing Rules of Shanghai Stock Exchange, the articles of association and relevant provisions, this proposal needs to be submitted to the general meeting of shareholders of the company for deliberation after being deliberated and approved by the board of directors.
3. This investment does not constitute a related party transaction or a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investment object
Company name: Inner Mongolia Cheng'an new energy Co., Ltd
Nature of enterprise: limited liability company
Registered address: wulatqian banner, Inner Mongolia
Registered capital: 2 billion yuan (specifically adjusted according to the progress of the investment project)
Way of contribution: Jiangsu Yang Guang Co.Ltd(000608) Co., Ltd. makes contribution in cash, with a proportion of 100%.
Main business scope: research, production, processing and sales of semiconductor materials, monocrystalline silicon rods, monocrystalline silicon wafers, polycrystalline silicon rods, polycrystalline silicon wafers and Cecep Solar Energy Co.Ltd(000591) battery modules Cecep Solar Energy Co.Ltd(000591) power generation technology service; Sales of photovoltaic equipment and components; Investment and operation of photovoltaic power station; Import and export of goods; Technology import and export; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion (for projects that need to be approved according to law, business activities can be carried out only with the approval of relevant departments)
The above information shall be subject to the information approved and filed by the local administrative department for Industry and commerce.
3、 Risks of this investment
(I) the projects to be carried out by the new company in the future are still in the planning stage. At present, the specific projects have not been formally implemented, and the specific investment project agreement has not been signed with the government. Relevant preparations for land and plants have not yet been carried out. The specific investment amount of the project shall be subject to the actual development. The company will timely perform the corresponding information disclosure obligations according to the progress of the newly established company and its proposed investment project.
(II) after the establishment of the new company, it plans to carry out new business in the future. At present, the company has limited reserves in technology, talents and experience, and there is still uncertainty whether it can support the smooth implementation of the project.
(III) the new company has not been established yet, and there are still uncertainties in the development of relevant projects and future operations, which will not have a significant impact on the company's operating performance at present. After the establishment of the new company, there is still uncertainty in the future business development and operation, and the impact on the future performance of the company is uncertain. (IV) the proposed establishment of the new company still needs the approval of the administrative department for Industry and commerce, and the projects to be carried out in the future also need the approval of relevant departments, which is uncertain.
(V) the registered capital of the new company is only a preliminary intention, which will be invested and adjusted according to the actual development of the investment project. As of September 30, 2021, the monetary capital in the consolidated statements of the company is 420 million. The amount involved in this investment is large, and the financing plan is not clear at present.
(VI) the company will pay close attention to the follow-up situation of the new company, improve the operation and management level, take appropriate strategies and management measures, and actively prevent and respond to the above risks.
Relevant information of the company can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published in Shanghai Securities News and China Securities News, the information disclosure media designated by the company, please pay attention to the investment risks.
It is hereby announced.
Jiangsu Yang Guang Co.Ltd(000608) Co., Ltd. March 8, 2022
