Securities code: Hubei Energy Group Co.Ltd(000883) securities abbreviation: Hubei Energy Group Co.Ltd(000883) Announcement No.: 2022018 Hubei Energy Group Co.Ltd(000883)
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of investment
1. In order to implement the strategic deployment of Xi Jinping general secretary “carbon peak and carbon neutralization” and the objectives of the company’s “14th five year plan”, and further expand the company’s new energy installation scale, Hubei Energy Group Co.Ltd(000883) (hereinafter referred to as the company) it is proposed that the company’s indirect holding subsidiary Hubei Energy Group Co.Ltd(000883) group Zhongxiang new energy Co., Ltd. (hereinafter referred to as Zhongxiang new energy company) will invest in the construction of Zhongxiang Shuanghe 100000 kW agricultural photovoltaic complementary power station project (hereinafter referred to as Zhongxiang Shuanghe project) with a total investment of no more than 57 Jiangnan Mould & Plastic Technology Co.Ltd(000700) yuan.
Since Zhongxiang new energy company is a wholly-owned subsidiary of Hubei Energy Group Co.Ltd(000883) group new energy development Co., Ltd. (hereinafter referred to as new energy company), the investment capital of the project is 171 million yuan from the capital increase of the company to the new energy company, and other funds are provided by the company with entrusted loans or self raised by the new energy company.
2. The 17th meeting of the ninth board of directors of the company considered and approved the investment in the construction of Zhongxiang Shuanghe 100MW agricultural photovoltaic complementary power station project. The effective number of votes of the board of directors is 8, including 8 affirmative votes, 0 negative votes and 0 abstention votes.
The project has been filed.
3. This item does not constitute a related party transaction and does not belong to the major asset reorganization specified in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investors
Company name: Hubei Energy Group Co.Ltd(000883) group Zhongxiang new energy Co., Ltd
Enterprise type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person) enterprise domicile: in the yard of Wanghu road construction branch, Zhongshuang Avenue, Shuanghe Town, Zhongxiang City
Legal representative: Lei Liang
Registration time: August 2021
Registered capital: 3 million yuan
Main business scope: power generation, transmission and power supply; Water conservancy and power generation (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments).
Major shareholder: Hubei Energy Group Co.Ltd(000883) group new energy development Co., Ltd. (hereinafter referred to as new energy company) holds 100% of the shares. The new energy company is not a dishonest person.
Up to now, Zhongxiang new energy company has no business activities.
3、 Basic information of the project
The project is a sub project of Jingmen new energy base phase I, located in NANPENG village and lexiangguan village, Shuanghe Town, Zhongxiang City, Hubei Province, 2km away from Shuanghe town and 40km away from Zhongxiang City. The project is a 100000 kW agricultural solar complementary photovoltaic power station. According to the design calculation, the static investment in the feasibility study of the project is 56.103 million yuan and the total dynamic investment of the project is 57 million yuan.
4、 Purpose of this investment
Photovoltaic power generation is one of the power generation methods with relatively mature new energy development technology. Investing in this project can further expand the company’s installed capacity of new energy, accelerate the transformation to clean, efficient and low-carbon energy, and help improve the guarantee capacity of energy supply.
5、 Risks of this investment and its impact on the company
(I) risks of this investment
In this investment, there may be risks that the price rise of main equipment such as photovoltaic modules leads to increased project investment, the power generation fails to meet the expectations due to system efficiency and photovoltaic module quality, and the investment income fails to meet the expectations due to the fluctuation of spot market transaction price. The company will reasonably control the project cost, strengthen the equipment maintenance, reduce the equipment failure rate, and strengthen the follow-up marketing ability to ensure the profitability of the project.
(II) impact of investment in the project on the company
The investment and construction of Zhongxiang Shuanghe 100MW agricultural photovoltaic complementary power station project is in line with the national industrial policy and the company’s development plan, and can further expand the company’s new energy installed capacity. The profitability of the project is good, which can effectively improve the operating performance of the company.
6、 Documents for future reference
1. Resolution of the 17th meeting of the ninth board of directors of the company.
It is hereby announced.
Hubei Energy Group Co.Ltd(000883) board of directors March 31, 2022
