King Kong Photovoltaics: Intends to establish a wholly-owned subsidiary in Germany

Digital Building Materials DataBM. Com on April 12, Diamond Photovoltaic announced on the evening of the 11th that it intends to set up a wholly-owned subsidiary in Germany with a registered capital of 25000 euros, which will focus on expanding the European market.

Jingang Photovoltaic said that the establishment of a subsidiary in Germany is to further expand overseas markets and promote the company to build a localized service network in Europe, which is conducive to giving full play to the synergy effect of the company's domestic and foreign business, meeting the needs of the company's strategic development and enhancing the company's comprehensive competitiveness. The

establishment of the German subsidiary will not adversely affect the company's operating results and will not harm the interests of the company and its shareholders.

Company name: Golden Solar GmbH (tentative name)

2. Registered address: Rhondorfer STR. 85, 53604: Bad Honnef,

3. Registered capital: 25,000 euros

4. Director: Bi Xiaochun

5. Shareholding structure: 100% equity

held by the Company 6. Mode of contribution: self-owned capital contribution

7. Scope of business: sales of crystalline silicon solar cell equipment, technical services, etc.