Trina Solar announced on December 27 that the company intends to increase capital and expand shares of Jiangsu Tianhe Energy Storage Co., Ltd., an indirect shareholding subsidiary, with a total capital increase of 1.2 billion yuan.
Among them, the original shareholder Tianhe Energy Investment intends to increase its capital by 637 million yuan, Lishui Xingchuang intends to increase its capital by 444 million yuan, yuanyuan Science and Technology intends to increase its capital by 56.9148 million yuan, Nanjing Jingyu intends to increase its capital by 26.82 million yuan, Nanjing Changpu intends to increase its capital by 20.6 million yuan, Nanjing Leyong intends to increase its capital by 4.83 million yuan, Nanjing Panxin intends to increase its capital by 7.75 yuanMing plans to increase capital by RMB 1,680,700. In addition
, Lishui Xingchuang is a holding subsidiary of Tianhe Xingyuan Investment Development Co., Ltd., whose actual controller is Gao Jifan. Upon completion
of this capital increase and share expansion, the Company's control over Tianhe Energy Storage will be changed from 53.38% to 55.28%, and Tianhe Energy Storage will remain a holding subsidiary of the Company, without affecting the scope of the Company's consolidated financial statements.
Source: Company Announcement