Securities code: Dagang Holding Group Co.Ltd(300103) securities abbreviation: Dagang Holding Group Co.Ltd(300103) Announcement No.: 202218 Dagang Holding Group Co.Ltd(300103)
Announcement on foreign investment, establishment of a wholly-owned subsidiary Dagang environment (Wuxi) and completion of industrial and commercial registration
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 this investment
1. Investment overview
Dagang Holding Group Co.Ltd(300103) (hereinafter referred to as “the company”) in order to continuously promote the vision planning of “making the city better” and further expand the service scope of data-based urban vector monitoring and control, the company invested and established Wuxi Dagang Environmental Technology Co., Ltd. (hereinafter referred to as “Dagang environment (Wuxi)”) with its own capital of 5 million yuan, accounting for 100% of the registered capital of Dagang environment (Wuxi).
2. According to the relevant provisions of laws and regulations such as the Shenzhen Stock Exchange GEM Listing Rules and the articles of association, this foreign investment is within the approval authority of the president’s office and does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation.
3. This foreign investment does not involve related party transactions and does not constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Industrial and commercial registration information of wholly owned subsidiary
Recently, Dagang environment (Wuxi), a wholly-owned subsidiary, completed the industrial and commercial registration procedures and obtained the business license issued by Wuxi National High tech Industrial Development Zone and Wuxi Xinwu district administrative examination and approval Bureau. The relevant registration information is as follows:
Name: Wuxi Dagang Environmental Technology Co., Ltd
Unified social credit Code: 91320214ma7mrnuk42
Type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person)
Legal representative: Xu Qi
Registered capital: 5 million yuan only
Date of establishment: April 2, 2022
Address: room a302-f48, Feiyu block, software park, No. 111-2, Linghu Avenue, Xinwu District, Wuxi
Business scope: licensed items: Internet information services; Indoor environment detection; Hazardous waste management; Treatment, storage and disposal of radioactive solid waste; Municipal solid waste business services; Urban construction waste disposal (clearing and transportation); Food waste treatment (for items that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business items shall be subject to the approval results)
General items: technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Vector biological control services; Evaluation service of vector biological density control level; Vector density monitoring and evaluation services; Environmental emergency management services; Ecological restoration and ecological protection services; Environmental protection monitoring; Crop pest control services; Forestry pest control services; Rural domestic waste business services; Processing and disposal of non-metallic wastes and debris; Solid waste treatment; Foreign contracted projects; Sales of mechanical equipment; Retail of computer software, hardware and auxiliary equipment; Sales of electronic products; Sales of domestic waste treatment equipment; Software development; Computer system services; Information consulting services (excluding licensed information consulting services) Cecep Solar Energy Co.Ltd(000591) power generation technology service; Water pollution control; Sewage treatment and recycling; Water environment pollution prevention and control services; Soil environmental pollution prevention and control services; Soil pollution control and remediation services; Health consulting services (excluding diagnosis and treatment services); Pension services; Energy conservation management services; Air pollution prevention and control services; Environmental protection consulting services (except for projects subject to approval according to law, carry out business activities independently according to law with business license)
3、 Purpose, existing risks and impact on the company of foreign investment
1. Purpose of foreign investment
The establishment of Dagang environment (Wuxi) is an in-depth practical expansion of the company’s Innovation Center’s vector control and Rural Revitalization business. By providing customers with services such as vector biological density control level evaluation, vector biological density detection and evaluation, vector biological control digitization and technology, it can effectively control the spread of biological vectors, further empower the cities entrusted by the company and enhance the company’s core competitiveness.
2. Possible risks of foreign investment
This foreign investment is based on the company’s overall development strategy. Although prudent market analysis and research have been conducted in the early stage, Dagang environment (Wuxi) may still have implementation and management risks caused by changes in operation mode, internal control, market demand and other factors in the later operation.
In this regard, the company will learn from the operation experience of Shaanxi Dagang Environmental Biotechnology Co., Ltd. and jointly assist Dagang environment (Wuxi) to establish a scientific decision-making system and market-oriented operation mechanism, effectively strengthen internal management, optimize the overall resource allocation, and reduce and prevent relevant risks.
3. Impact of foreign investment on the company
The investment and establishment of Dagang environment (Wuxi) is in line with the company’s overall strategic development plan and will not have a great impact on the company’s profits in the current year. However, if it can be implemented smoothly as planned and achieve the expected income, it will have a positive impact on the company’s annual profits in the future.
4、 Documents for future reference
Business license of Wuxi Dagang Environmental Technology Co., Ltd.
It is hereby announced.
Dagang Holding Group Co.Ltd(300103) board of directors
April 6, 2002
