Securities code: Xinjiang Tianfu Energy Co.Ltd(600509) securities abbreviation: Xinjiang Tianfu Energy Co.Ltd(600509) Announcement No.: 2022-lin022 Xinjiang Tianfu Energy Co.Ltd(600509)
About establishing a wholly-owned subsidiary and investing in the construction of 400000 kW photovoltaic
Announcement of power generation project
hot tip
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: Xinjiang Tianfu green energy photovoltaic power generation Co., Ltd. (tentative name, subject to the approval of the industrial and commercial registration authority, hereinafter referred to as “green energy photovoltaic company”).
Investment amount: 19531901 million yuan.
The investment has been deliberated and approved at the 13th meeting of the seventh board of directors held on February 28, 2022, and needs to be submitted to the general meeting of shareholders for deliberation.
This contribution does not belong to related party transactions and major asset restructuring.
1、 Overview of foreign investment
(I) basic information of foreign investment
On February 28, 2022, the company held the 13th meeting of the seventh board of directors, deliberated and approved the “proposal on the proposed establishment of a wholly-owned subsidiary to invest in a new 400000 kW photovoltaic power generation project”, and agreed to establish Xinjiang Tianfu green energy photovoltaic power generation Co., Ltd. (tentative name, subject to the approval of the industrial and commercial registration authority) with its own funds to be responsible for the implementation The construction and operation of “one million kilowatt photovoltaic base project in Shihezi, Northern Xinjiang, BINGTUAN” Tianfu 400000 kilowatt photovoltaic power generation project “, with a planned investment of 19531901 million yuan.
The registered capital of the proposed green energy photovoltaic company is 10 million yuan, and the shareholding ratio of the company is 100%. The main business to be carried out by lvneng photovoltaic company is the development and utilization of Cecep Solar Energy Co.Ltd(000591) and the research, development, production, installation and sales of new material series products Design, construction, installation and general contracting of Cecep Solar Energy Co.Ltd(000591) series projects Cecep Solar Energy Co.Ltd(000591) power generation project construction and operation and related technical services; Sales, installation and maintenance of charging piles (the details shall be subject to the approval of the industrial and commercial registration authority).
(II) whether it constitutes a major asset reorganization
This transaction does not constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
(III) whether it constitutes a connected transaction
This transaction does not constitute a connected transaction.
(IV) deliberations of the board of directors
The investment has been deliberated and approved at the 13th meeting of the seventh board of directors held on February 28, 2022.
(V) other approvals and relevant procedures required for the effectiveness of the transaction
The follow-up implementation of the project still needs the approval of development and reform, environmental protection and other departments; The proposed new subsidiary still needs to go through the registration procedures of industrial and commercial, tax and other relevant certificates and licenses.
2、 Basic information of investment object
(I) basic information of investment project
1. Basic information of project investment
(1) Geographical location
The site of the project photovoltaic area is located in the 134 regiment area of the eighth division of Shihezi, about 60km northwest of Shihezi City, about 40km south of Shawan County. The south of the site is close to S312 line. The rural roads around the site are crisscross and the transportation is convenient. The site is a state-owned wasteland with flat and open terrain. The site is not within the scope of the ecological red line. The nature of the land is state-owned unused land. The terrain is flat and open. There are no cultural relics on the surface of the site. There is no airport nearby, which does not affect military facilities. It is preliminarily judged that it does not cover mineral resources. It is an ideal photovoltaic project site. The relationship between the project site and various restrictive factors shall be subject to the final conclusion of the supporting documents of various government departments.
(2) Project installation planning
The project plans to build Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation system with a total capacity of 400000 kW on the AC side, and build 60MW / 120mwh energy storage equipment and corresponding supporting online facilities according to the requirements of competitive distribution. 2. Project implementation and project budget
The planned investment of the project is 19531901 million yuan.
3. Economic evaluation
The financial internal rate of return (after income tax) of the project investment is expected to be about 5%, and the economic benefit of the project is good.
4. Progress of items involved in the project for approval
The project approval procedures involved in the project are being handled.
(II) basic information of the proposed company
Enterprise name: Xinjiang Tianfu lvneng photovoltaic power generation Co., Ltd. (tentative name, subject to the approval of the industrial and commercial registration authority)
Enterprise type: limited liability company
Registered capital: RMB 10 million
Business scope: Cecep Solar Energy Co.Ltd(000591) development and utilization, research, development, production, installation and sales of new material series products Design, construction, installation and general contracting of Cecep Solar Energy Co.Ltd(000591) series projects Cecep Solar Energy Co.Ltd(000591) power generation project construction and operation and related technical services; Sales, installation and maintenance of charging piles (the details shall be subject to the approval of the industrial and commercial registration authority).
Investor and equity structure:
The registered capital of green energy photovoltaic company is 10 million yuan, and the company contributes 10 million yuan in cash with its own funds, accounting for 100% of the shares of green energy photovoltaic company. 3、 The impact of foreign investment on Listed Companies
The establishment of green energy photovoltaic company is a specific action to actively respond to the national energy development strategy, promote energy conservation and emission reduction, reduce environmental pollution, optimize the power supply structure of the company, enhance the core competitiveness of power business, bring good economic benefits to the company and improve the sustainable profitability of the company.
4、 Risk analysis of foreign investment
The overall development prospect of the photovoltaic field to be invested in this time is good, but it may bring certain policy risks and market risks to the project due to macroeconomic fluctuations, changes in industrial policies and environmental protection policies, competitive pressure brought by the improvement of the marketization of the power industry and other factors. 5、 Directory of documents for future reference
1. Resolution of the 13th meeting of the 7th board of directors of the company
2. Resolution of the 12th meeting of the 7th board of supervisors of the company
3. Project power of attorney
4. Notification of award
It is hereby announced.
Xinjiang Tianfu Energy Co.Ltd(600509) board of directors February 28, 2022
