Tian Eye Check App shows that recently, Huangshi Group has added three pieces of frozen equity information, and the total amount of frozen equity is about 410 million RMB . The executed enterprises are Guangxi Huangshi Industrial Park Development Co., Ltd., Huangshi Dairy Group Co., Ltd., and Huangshi Nongguang Complementary (Guangxi) Technology Co., Ltd. The freezing period is from November 16, 2023 to November 15 , 2026.
Huangshi Group Co., Ltd. was founded in May 2001, and its main business was dairy industry. The official cross-border photovoltaic industry was announced in 2022. In August
2022, the company and the Management Committee of Fuyang Economic and Technological Development Zone of Anhui Province signed the "20 G W TOPCon Ultra High Efficiency Solar Cell and 2 G W Module Project Investment Agreement" . In the same month, Huangshi Agricultural Photovoltaic Complementary signed the Investment Agreement for Binyang County New Energy Distributed Photovoltaic Phase I Project with Binyang County People's Government and Huaneng New Energy Co., Ltd.
Among them, the 20GW TOPCon ultra-high efficiency solar cell project is jointly invested and constructed by Huangshi Agricultural Photovoltaic Complementary (Guangxi) Technology Co., Ltd. (Hereinafter referred to as "Huangshi Agricultural Photovoltaic Complementary Company"), a subsidiary of Huangshi Group, and relevant business partners.
However, on June 17 , 2023, Huangshi Group recently announced that the company, as well as its chairman Huang Jiadi and board secretary Wang Wanfang, had been issued a warning letter by the Guangxi Securities Regulatory Bureau.
The reason is that in the announcements issued by Huangshi Group on August 17, 18 and 23, 2022, Huangshi Agricultural and Optical Complementary (Guangxi) Technology Co., Ltd. was called a subsidiary company and a subsidiary company, which involved inaccurate information disclosure . In the announcement of Huangshi Group on matters related to its participation in photovoltaic projects on August 23 and 25, 2022, it did not specify the investment and return mode of listed companies in photovoltaic projects, which involved incomplete information disclosure.
Subsequently, the company issued a rectification report on the warning letter of the Guangxi Securities Regulatory Bureau.
On August 4, Huangshi Group disclosed the progress announcement of the photovoltaic project, saying that the company intends to acquire 24.40% of Huangshi Agricultural Light Complementary (Guangxi) Technology Co., Ltd. The company's shareholding in Huangshi Nongguang will be increased from 56% to 80.40%.
But at the same time, it announced the transfer of 80% equity of Anhui Huangshi Green Energy, a wholly-owned subsidiary, and the shareholding ratio will be reduced from 100% to 15.3846%. This is considered by the industry to be ready to shrink the photovoltaic business .