Securities code: Eve Energy Co.Ltd(300014) securities abbreviation: Eve Energy Co.Ltd(300014) Announcement No.: 2022023 Eve Energy Co.Ltd(300014)
With regard to the announcement that Yiwei power plans to sign the contract with the Management Committee of Jingmen high tech Zone, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Investment overview
On November 4, 2021, Eve Energy Co.Ltd(300014) (hereinafter referred to as the “company”) and Jingmen Municipal People’s Government (hereinafter referred to as the “Jingmen Municipal government”) signed the strategic investment agreement (hereinafter referred to as the “agreement”). Based on good trust, based on the principles of development, win-win, equality and mutual benefit, both parties agreed to establish a strategic cooperative relationship through friendly negotiation. The company and its subsidiaries plan to complete the fixed asset investment of 30.521 billion yuan, land acquisition of about 3000 mu and construction of Jingmen power energy storage battery industrial park with an annual output of 152.61gwh in Duodao District, Jingmen City; Jingmen Municipal government provides necessary support and assistance for the construction of Jingmen Power Energy Storage Battery Industrial Park and the introduction of lithium-ion power energy storage battery supporting industry. For details, see the announcement on signing the strategic investment agreement with Jingmen Municipal Government (Announcement No.: 2021186) disclosed by the company on the gem information disclosure website cninfo.com on November 4, 2021. The company’s subsidiary Hubei Yiwei Power Co., Ltd. (hereinafter referred to as “Yiwei power”) plans to sign the contract with the Management Committee of Jingmen high tech Industrial Development Zone (hereinafter referred to as “Jingmen high tech Industrial Development Zone Management Committee”), Invest in the construction of 20gwh square lithium iron phosphate battery production line and auxiliary facilities and 48gwh power energy storage battery production line and auxiliary facilities respectively in Jingmen high tech Zone. The total investment in fixed assets of the investment project is about 12.6 billion yuan.
According to the relevant provisions of the articles of association and the company’s foreign investment management system, this investment has been deliberated and approved at the 45th meeting of the Fifth Board of directors of the company and needs to be submitted to the general meeting of shareholders of the company for deliberation.
This investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of the partner
1. Name: Jingmen high tech Industrial Development Zone Management Committee
2. Nature: local government agency
3. Address: No. 238, Xinglong Avenue, Jingmen City
4. Relationship: the Management Committee of Jingmen high tech Zone has no relationship with the company and Yiwei power
3、 Basic information of investment object
1. 20gwh square lithium iron phosphate battery production line and auxiliary facilities project
(1) The total investment in fixed assets of the investment project is about 3.8 billion yuan (including value-added tax). After completion, it is expected to form a square lithium iron phosphate battery capacity of 20gwh / year.
(2) The planned land for the investment project is about 265 mu of industrial land (the exact location and area shall be subject to the actual measurement of the land department), which is located in the east of Caiqiu Road, the south of Gaoxin Road, the west of Yiwei District 2 and the north of Kehui road.
2. 18gwh power storage battery production line and auxiliary facilities project
(1) Project construction content: the total investment in fixed assets of the investment project is about 3.4 billion yuan (including value-added tax). After completion, it is expected to form a power energy storage battery capacity of 18gwh / year.
(2) Project land: the planned land for the investment project is about 252 mu of industrial land (the exact location and area shall be subject to the actual measurement of the land department), which is located in the south of guanyanhu Avenue, the west of Qiqiu West Road and the north of Mingli road.
3. 15gwh power storage battery production line and auxiliary facilities project
(1) Project construction content: the total investment in fixed assets of the investment project is about 2.7 billion yuan (including value-added tax). After completion, it is expected to form a power energy storage battery capacity of 15gwh / year.
(2) Project land: the planned land for the investment project is about 214 mu of industrial land (the exact location and area shall be subject to the actual measurement of the land department), which is located in the south of Mingli road and the west of Qiqiu West Road.
4. 15gwh power storage battery production line and auxiliary facilities project
(1) Project construction content: the total investment in fixed assets of the investment project is about 2.7 billion yuan (including value-added tax). After completion, it is expected to form a power energy storage battery capacity of 15gwh / year.
(2) Project land: the planned land for the investment project is about 258 mu of industrial land (the exact location and area shall be subject to the actual measurement of the land department), which is located in the east of Longjing Avenue, the south of Yiwei power zone 4 and the north of Kehui road. 4、 Main contents of the contract
The main terms of the four contracts to be signed by Yiwei power and the Management Committee of Jingmen high tech Zone are as follows:
Party A: Jingmen high tech Industrial Development Zone Management Committee
Party B: Hubei Yiwei Power Co., Ltd
1. Responsibilities and obligations of Party A
(1) Party A is specifically responsible for connecting relevant departments for Party B to ensure that all municipal approved projects involved in the construction of Party B’s investment projects are free of administrative expenses; Party A actively coordinates with the intermediary agencies in Jingmen urban area. According to the notice of six departments including Jingmen Finance Bureau on printing and distributing the government purchase methods of pre intermediary services for municipal administrative examination and approval, Party A shall purchase the services and bear the corresponding expenses for the 30 service items listed in the pre intermediary services for administrative examination and approval of investment attraction.
(2) Party A shall ensure that the project land meets the conditions for transfer. When the land meets the conditions for transfer, Party A shall, within six months from the date of signing this contract, list and transfer the state-owned construction land use right of the project land according to law, the land transfer price shall not be higher than the agreed price, and the transfer period of the state-owned construction land use right shall be 50 years. Party A shall be responsible for the expropriation, demolition and “seven connections” of the ground attachments and buildings on the project land, and bear the expenses arising therefrom. According to the requirements of Party B, Party A shall deliver the project land meeting the standards of “seven connections” (i.e. access, water, electricity, drainage, sewage, ventilation (natural gas, steam) and Telecommunications) to Party B for use, and lay the project water, electricity, gas (natural gas, steam) and roads to the red line of the project land designated by Party B, Ensure the water, electricity, gas (natural gas, steam) and road use of the project from construction to production, and provide relevant basic public service facilities; Be responsible for coordinating and solving the disputes of Party B in the process of construction and production, and creating a loose production and business environment for Party B.
(3) Party A is responsible for appointing a special person as the contract service person of the investment project, implementing the whole process, standardized and efficient tracking service, assisting in handling the approval procedures such as project approval, planning and construction and environmental impact assessment, and solving the problems encountered by Party B in the process of project construction and operation.
(4) Party B and enterprises in Jingmen area shall enjoy equal rights in Jingmen except for fixed asset investment subsidies, heavy asset construction support, foreign investment incentives, tax contribution incentives, industrial fund support and logistics cost subsidies specified in Jingmen investment promotion policy (Revised) (Jingzheng Fa [2019] No. 1) At that time, the district government will give Jingmen enterprises various inclusive policies, incentives and special support funds from governments at all levels.
2. Responsibilities and obligations of Party B
(1) Party B shall register in Jingmen high tech Zone, pay taxes according to law, handle various certificates and other procedures according to regulations, and bear relevant expenses.
(2) The investment project must comply with the overall land use plan, the overall urban construction plan and the industrial layout plan of Jingmen City; The construction design scheme of the investment project must comply with the overall planning of Party A’s Industrial Park, and the construction can be started only after being approved by the competent department of Party A and obtaining the construction permit.
(3) Party B must ensure safe production during construction, production and operation, and ensure that the enterprise meets the emission standards according to relevant environmental protection regulations after being put into operation.
3. Other matters
(1) This contract shall come into force on the date when it is signed and sealed by Party A and Party B and Party B completes internal approval.
(2) During the performance of this contract, if there are matters not agreed in this contract, a supplementary agreement can be signed by both parties through consultation. The supplementary agreement constitutes an integral part of this contract and has the same legal effect as this contract.
5、 Purpose of investment, existing risks and impact on the company
1. Purpose of investment and impact on the company
With the continuous expansion of the company’s business scale and the increasing market demand, in order to better seize the market opportunity of power energy storage battery, Yiwei power, a subsidiary of the company, plans to sign the contract with the Management Committee of Jingmen high tech Zone. This investment will help both parties give full play to their respective resources and advantages, expand the capacity scale of power energy storage batteries, optimize the company’s industrial structure, provide customers with more products and solutions, further promote the company’s development in the lithium-ion power battery market, and improve the company’s influence and comprehensive competitiveness in the new energy industry, In line with the company’s development strategic planning and the interests of all shareholders.
This investment has no impact on the company’s business independence, has a positive impact on the company’s future development, and has an uncertain impact on the company’s financial situation this year. If this contract has a significant impact on the company’s performance this year, the company will timely perform the obligation of information disclosure in accordance with relevant regulations.
2. Existing risks
The land use right of the land for this investment project needs to be obtained through bidding, auction and listing. There is uncertainty about whether and when the land use right can be obtained. After the investment project is put into construction, affected by macroeconomic, industrial policies, changes in market environment and other factors, the investment may have risks such as failure to complete the construction on schedule and failure to achieve the expected income, which is expected to have no significant impact on the company’s performance in 2022.
It is hereby announced.
Eve Energy Co.Ltd(300014) board of directors March 11, 2022
