Zhongxin Group announced in the evening of October 31 that Zhongxin Green Energy, an indirect holding subsidiary of the company, intends to establish a joint venture with Hong Kong China Energy Investment Co., Ltd. to develop, invest, construct, acquire, hold and operate photovoltaic power generation projects. The registered capital of the joint venture company is 200 million yuan, of which Zhongxin Green Energy contributes 130 million yuan, accounting for 65% of the shares, and Hong Kong Energy Investment contributes 70 million yuan, accounting for 35% of the shares.
On the same day, Zhongxin Group also announced that the company intends to participate in the investment of Daotong Suzhou Angel Fund as a limited partner with its own funds, with the company's subscription capital not exceeding 30 million yuan, and accounting for no more than 20% of the total final fund subscription.