Sunshine Power announced in the evening of December 6 that the company held the fifth meeting of the fifth board of directors and the fourth meeting of the fifth board of supervisors in 2023, and considered and adopted the Bill on Capital Increase and Related Transactions to Holding Subsidiaries.
The bill shows that in order to optimize the asset-liability structure of Sunshine New Energy Development Co., Ltd., a holding subsidiary of the company, enhance its financing capacity, enhance its financial strength, meet its operating capital needs, and ensure the smooth development of various busines s, the company intends to increase its capital by 1 billion yuan to Sunshine New Energy Co., Ltd. Among them, about 78.9266 million yuan was used for new capital stock, and about 921 million yuan was included in capital reserve.
Source: The Company announced
that upon completion of the capital increase, the registered capital of Yangguang New Energy increased from approximately RMB1.421 billion to approximately RMB1.499 billion, and the Company's shareholding in Yangguang New Energy increased from 82% to 82.94%. Yangguang New Energy is still a holding subsidiary within the scope of the Company's consolidated financial statements. According to
the data, Sunshine New Energy is a new energy development and investment platform under Sunshine Power, focusing on photovoltaic , wind power, wind and solar hydrogen storage and multi-energy integration. By the end of June 2023, the company has developed and constructed 35 million kilowatts of photovoltaic wind power plants, which is the largest developer of photovoltaic power plants in the world.
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