On October 13, Yuneng Science and Technology announced that the company planned to invest 120.4267 million yuan to implement the "Yuneng 30 MW Distributed Photovoltaic Power Station Construction and Operation Project". The over-raised capital of RMB100 million is proposed to be used, and the remaining part will be supplemented by Jiaxing Yuzhong, a wholly-owned subsidiary of the project implementation company, with its own funds. The company
will build distributed photovoltaic power stations in selected locations in Zhejiang and Anhui provinces, with a total investment of 12042 6700 yuan. Specifically, it includes: 95.7949 million yuan of equipment purchase cost, 9 million yuan of installation cost, 8.7 million yuan of other costs, 5.2398 million yuan of basic reserve fund and 1.692 million yuan of initial working capital. The construction period of this project is 24 months.