Digital building materials DataBM. Com February 24 news, Triumph New Energy Co., Ltd. (Formerly: Luoyang Glass Co., Ltd.) To change the company's securities referred to as "Triumph New Energy". The proposal was approved at the 11th meeting of the 10th Board of Directors held on February 23.
The company said that according to the medium and long-term strategic plan, in recent years, the company has actively laid out new energy materials business with good market prospects and great potential for development. With the strong support of major shareholders, the company has become a capital operation and industrial integration platform for Triumph Technology Group Co., Ltd. (Hereinafter referred to as "Triumph Technology Group") to engage in new energy materials business.
In order to concentrate superior resources and focus on core business development, the company has completed a series of deep integration and merger and acquisition projects in 2022. It mainly includes the divestiture of all information display glass business, the trusteeship of Triumph Technology Group's thin film solar cell business related equity, the transfer of 100% equity of CNBM (Puyang) Photoelectric Materials Co., Ltd., a wholly-owned subsidiary, and the acquisition of the remaining 40% equity of Qinhuangdao North Glass Co., Ltd., a holding subsidiary; As well as the acquisition of 100% equity of Taibo Luoyang Glass Co., Ltd. and the renewal and renaming of Kaisheng (Zhangzhou) New Energy Co., Ltd., basically realized the structural adjustment of the company's main business to the field of new energy materials. By the end of the third quarter of 2022, the revenue of new energy glass business accounted for 91.95% of the company's operating income. At the 2022 third extraordinary general meeting of the Company held on 30 December
2022, the resolutions on the proposed change of the Company's name and the proposed amendments to the Articles of Association of the Company were considered and approved. On February 16, 2023, the name of the company was changed from "Luoyang Glass Co., Ltd." To "Triumph New Energy Co., Ltd.", and the "Business License" issued by Luoyang Market Supervision and Administration Bureau was obtained.
In order to match the securities abbreviation with the company's name and keep in line with the company's main business characteristics and development direction, it is proposed to change the securities abbreviation from "Luoyang Glass" to "Kaisheng Xinneng".
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