Elion Clean Energy Company Limited(600277) plans to set up a joint venture with Three Gorges Inner Mongolia Eerduosi Resources Co.Ltd(600295) to expand wind power, photovoltaic sand control, energy storage, hydrogen energy and other businesses

Elion Clean Energy Company Limited(600277) announced that the company plans to jointly invest with the company’s second largest shareholder, Three Gorges Inner Mongolia Eerduosi Resources Co.Ltd(600295) to establish Inner Mongolia Three Gorges elion new energy Co., Ltd. (hereinafter referred to as “Three Gorges elion company”). The registered capital of Three Gorges elion company is 140 million yuan, and the company plans to invest 70 million yuan (paid in installments) to hold 50% of its equity. The company plans to establish Wuwei new Tengger Ecological Energy Technology Co., Ltd. (hereinafter referred to as “Wuwei company”) with Three Gorges Inner Mongolia Eerduosi Resources Co.Ltd(600295) joint investment. The registered capital of Wuwei company is 140 million yuan, and the company plans to invest 70 million yuan (paid in installments) to hold 50% of its equity. This time, the company established a joint venture with the Three Gorges Inner Mongolia Eerduosi Resources Co.Ltd(600295) company. In order to make full use of their respective resources and advantages, the company actively expanded the business scope of wind power, photovoltaic sand control, energy storage and hydrogen energy, and deeply promoted the new carbon neutralization industrial model of photovoltaic sand control, hydrogen energy and energy storage.