On March 17, Shanghai Nar Industrial Co.Ltd(002825) announced that on March 16, the 19th meeting of the Fourth Board of directors of the company considered and adopted the proposal on investment and establishment of wholly-owned subsidiaries. According to the announcement, the subsidiary is expected to have a registered capital of 300 million yuan and is registered in Lingang New Area of Shanghai pilot free trade zone.
It is reported that the company signed the strategic cooperation agreement with Shanghai Lingang Holdings Co.Ltd(600848) economic development (Group) Co., Ltd. in Pudong New Area, Shanghai on February 22, 2022. The company landed its core parts projects in the field of hydrogen energy, key equipment projects in the field of hydrogen energy, hydrogen energy industry research Institute and other projects in the Lingang group park.
Statistics show that Shanghai Nar Industrial Co.Ltd(002825) was involved in the hydrogen energy industry in 2021 to carry out the core parts business such as fuel cell membrane electrode. With the maturity of the hydrogen energy industry chain, the company will further integrate the upstream and downstream industry chain, layout the core materials, parts and key equipment in the field of fuel cell and PEM electrolytic water hydrogen production, and realize the long-term layout of underlying technology and industrialization of hydrogen energy.
The company said that the proposed establishment of a wholly-owned subsidiary meets the company's strategic layout and business needs and is conducive to the company's business development.
