On June 1, Yongqing Environmental Protection announced that the company intends to invest 300 million yuan to set up a wholly-owned subsidiary, Yongqing (Shenzhen) Green Energy Technology Co., Ltd. (Tentative name, subject to the final name approved by the registration authority, hereinafter referred to as "Yongqing Green Energy") to carry out the company's new energy business. The
mode and proportion of contribution are as follows:
contract energy management; double carbon consulting services; energy conservation management services; engineering technology services; engineering management services; solar power generation technology services; new energy storage technology services; research and development of emerging energy technologies; The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or material omissions. Engineering construction; manufacturing and sales of photovoltaic equipment and components; manufacturing and sales of new energy batteries and new energy storage equipment; technical services, technical development, technical consultation, technical exchange, technical transfer and technical promotion; installation, maintenance and testing of power transmission, power supply and power receiving facilities.
Yongqing Environmental Protection said that the purpose of investing in the establishment of new energy wholly-owned subsidiaries is to better expand and develop new energy business, help the company achieve its performance goals, and enhance its overall competitiveness, which is in line with the company's strategic planning and long-term interests.