Tbea Co.Ltd(600089) announced that the company was concerned about the media reports on the photovoltaic power generation project of Xingtang company, a level-4 subsidiary of the company. The company explained as follows: Xingtang 200MW photovoltaic project is invested and constructed by Xingtang company, a level-4 subsidiary of the company. It is a "complementary agriculture and light" project. The filing certificate was obtained on September 30, 2020. The project filing, environmental assessment, land and other procedures are legal and compliant. During the promotion of Xingtang 200MW photovoltaic project, there are some problems, such as inadequate mass work, non-standard contract signing procedures, lack of supervision, illegal construction and so on. At present, the construction of the project has been stopped. Relevant departments have filed an investigation on the crime of suspected sabotage of production and operation during the construction of Xingtang company, and taken compulsory measures of criminal detention for the project leader according to law, but the relevant investigation has not been completed.
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