Guangzhou Development Group Incorporated(600098) it is proposed to invest 1.4 billion yuan in the construction of agricultural photovoltaic power generation project in Changshun county

Guangzhou Development Group Incorporated(600098) it was announced that new energy company, a wholly-owned subsidiary of the company, signed the investment and development agreement with Changshun county government of Qiannan Buyei and Miao Autonomous Prefecture. GF new energy plans to invest in the agricultural photovoltaic power generation project in Changshun county. It plans to build an agricultural photovoltaic power generation project with an installed capacity of 350000 kW on the ground. The total investment of the project is 1.4 billion yuan. A total of 4 photovoltaic electric fields will be implemented in two phases. The project will be completed within 12 months.