Mining giant cross-border photovoltaic! Just signed the world's largest photovoltaic sand project

On April 3, Samsung New Material released the Acquisition Report, and the purchaser was Jinxitai Co., Ltd .

The announcement shows that Yang Min and Yang Ayong, the controlling shareholders and actual controllers of Samsung New Material Company, intend to complete the change of control rights by combining the abandonment of voting rights, the transfer of agreements and the issuance of shares by Samsung New Material to specific targets.

The acquirer accepts 25,525,500 unrestricted tradable shares of the listed company held by Yang Min and Yang Ayong (accounting for 14.15% of the total share capital of the listed company). Yang Min and Yang Ayong waived the voting rights corresponding to the 66,030,594 shares of the listed company held by them (accounting for 36.61% of the total shares of the listed company). After

the Abandonment of Voting Rights Agreement comes into effect and the transfer of shares is completed, Jin Xitai holds 25,525,500 shares of the listed company and controls 14.53% of the voting rights, while Yang Min and Yang Ayong control 6.01% of the voting rights of the listed company, and the voting rights gap between the two sides exceeds 8%. And the listed company has no other shareholders who control more than 5% of the voting rights alone or in total, the controlling shareholder of the listed company is changed to Jinxitai, and the actual controller of the listed company is changed to Jinyinshan.

It is understood that Zhejiang Samsung New Material Co., Ltd. was established in 1999 and successfully listed in 2017. Its main business is hollow glass door, coated glass, tempered glass and so on.

Shandong Jinxitai Group is a large-scale comprehensive high-tech enterprise group based on the development and utilization of mineral resources. Its business scope covers five major sectors, including mineral products and deep processing, medical and pension industry, comprehensive utilization of tailings, new materials and cultural tourism industry, with total assets of 26 billion yuan.

On March 17, Shandong Jinxitai Group and Shandong Huate Magnetoelectric Technology Co., Ltd. reached a cooperation, and the two sides held a signing ceremony for the project with an annual output of 5 million tons of photovoltaic sand.

It is understood that the project is located in Lanling Photovoltaic Science and Technology Industrial Park, with a total investment of about 2 billion yuan, and can produce 5 million tons of photovoltaic high-purity silicon-based new materials annually after full commissioning.

Jinxitai Group said that in the future, the two sides will strengthen exchanges and cooperation in the development of photovoltaic resources and the implementation of the "double carbon" goal, build a sound, intensive and efficient photovoltaic industry chain, and make every effort to build a 100 billio n photovoltaic industry cluster. To promote the development of green energy in the city and achieve the goal of "double carbon".