Securities code: Hunan Yussen Energy Technology Co.Ltd(002986) securities abbreviation: Hunan Yussen Energy Technology Co.Ltd(002986) Announcement No.: 2022043 Hunan Yussen Energy Technology Co.Ltd(002986)
Announcement on investment and establishment of wholly owned subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
Due to the needs of strategic planning and business development, Hunan Yussen Energy Technology Co.Ltd(002986) (hereinafter referred to as " Hunan Yussen Energy Technology Co.Ltd(002986) " or "the company") plans to establish a wholly-owned subsidiary Hunan Hexin Trading Co., Ltd. (tentative name, hereinafter referred to as "Hexin trading") with its own capital of 5 million yuan.
According to the articles of association, foreign investment management system and other relevant provisions, this investment is within the approval authority of the chairman of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation. This investment does not involve related party transactions, 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 investment object
Company name: Hunan Hexin Trading Co., Ltd
Registered address: Yingxin Road, Yuhua District, Changsha (tentative)
Company type Limited
Legal representative: Mao min
The registered capital is 5 million yuan
Equity structure Hunan Yussen Energy Technology Co.Ltd(002986) holds 100% equity of new trade
Contribution method: self owned funds
Scope of business: Sales of chemical products
The above information shall be subject to the final approval and registration by the industrial and commercial registration administration department.
3、 Foreign investment contract
This investment is the establishment of a wholly-owned subsidiary of the company, and there is no need to sign a foreign investment contract.
4、 Purpose, risks and impact of this investment on the company
This investment is to promote the implementation of the company's strategic plan and undertake part of the company's existing trade business. The capital source of this investment is self owned capital, which will not have an adverse impact on the company's financial and operating conditions, and there is no situation damaging the interests of the company and all shareholders.
The establishment of a wholly-owned subsidiary this time still needs the approval of the local market supervision and Administration Bureau and the qualification of handling relevant business licenses, and the time of approval is uncertain. In addition, after the establishment of the subsidiary, the future operation and management process may be affected by uncertain factors such as macroeconomic and industrial policy changes and market competition, and there are certain market risks and business risks.
Hunan Yussen Energy Technology Co.Ltd(002986) board of directors
April 9, 2022
