Xinjiang Goldwind Science And Technology Co.Ltd(002202) indirect holding subsidiary fined 310000 yuan for Environmental Violation

According to the data monitored by the “A-share green report” project, Fuzhou Dongxiang Tianrun new energy Co., Ltd., an indirect holding subsidiary of Xinjiang Goldwind Science And Technology Co.Ltd(002202) ( Xinjiang Goldwind Science And Technology Co.Ltd(002202) . SZ), was subject to administrative punishment for environmental violations. According to Article 22 of the administrative punishment law of the people’s Republic of China, the regulations of the people’s Republic of China on the administration of environmental protection of construction projects and the detailed standard of discretion of administrative punishment of environmental protection in Jiangxi Province, Fuzhou Dongxiang Tianrun new energy Co., Ltd. was fined 310000 yuan in accordance with paragraph 2 of Article 23 of the regulations of the people’s Republic of China on the administration of environmental protection of construction projects. The punishment information was disclosed by relevant regulatory authorities on April 2, 2022.

The “A-share green report” project is jointly launched by the daily economic news and the public environmental research center (IPE), a well-known NGO in the field of environmental protection. It aims to make the environmental information of listed companies more sunny and transparent. Based on the authoritative environmental regulatory data released by 31 provincial and municipal governments and 337 prefecture level municipal governments, this project selects and monitors the environmental performance of listed companies and their subsidiaries (including branches, joint-stock companies and holding companies), makes professional data analysis and in-depth interpretation, intelligently writes daily, timely publishes the AI green Report of listed companies, launches the A-share green weekly report every week, and dynamically updates the environmental risk list of listed companies on a regular basis.

According to the content of the administrative punishment decision with the document number (East) Huanxing Punishment [2022] No. 2, on January 7, 2022, law enforcement officers inspected Fuzhou Dongxiang Tianrun new energy Co., Ltd. During the inspection, Fuzhou Dongxiang Tianrun new energy Co., Ltd. was in normal production. It was found that the coordinate address of the 110kV booster station supporting Fuzhou Dongxiang Xiaohuang wind farm built by Fuzhou Dongxiang Tianrun new energy Co., Ltd. in Huangshi group, Yujia village, Xiaohuang Town, Dongxiang district was about 5.3km away from the position in the EIA stage. The location of the construction project was changed. The construction was started without re submitting the EIA documents of the construction project for approval, After being completed and put into use in July 2019, the supporting environmental protection facilities have not been accepted.

According to the green weekly report of A-Shares in the previous period (total issue 69), a total of 35 listed companies have recently exposed environmental risks. Among them, 15 are state-owned controlled enterprises and 10 are enterprises with a market value of 100 billion. In addition to environmental risks, in the fourth week of March 2022, five projects of A-share listed companies and their subsidiaries entered the publicity status of EIA approval.

According to the annual report of 2021, Xinjiang Goldwind Science And Technology Co.Ltd(002202) ‘s main businesses are wind turbine and parts sales, wind farm development, wind power services and others, accounting for 78.96%, 10.53%, 8.07% and 2.43% of revenue respectively.

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