Stock code: 601619 Securities abbreviation: Jiaze New Energy Announcement number: 2021-014
Bond code: 113039 Bond abbreviation: Kaze to bond
Transfer code: 191039 Referral to as: Kaze transfer
The Board of Directors and all Directors of the Company warrant that the contents of this announcement are free from any misrepresentation, misleading statement or material omission and accept sole and several liability for the truthfulness, accuracy and completeness of the contents.
Important content tips
●Transaction content: Ningxia Jialong New Energy Operation Management Co., Ltd., a wholly-owned subsidiary of the Company, established Ningxia Jiajun Electric Sales Co., Ltd., a wholly-owned subsidiary, with its own funds of RMB 20 million.
●This investment does not constitute a related party transaction and does not constitute a major asset restructuring.
●According to the relevant provisions of the Articles of Association of the Company, the decision-making authority of the investment matter belongs to the authority of the chairman of the board of directors and does not need to be submitted to the board of directors and the general meeting of shareholders for consideration.
1. Overview of the investment in the establishment of second-level wholly-owned subsidiaries
In order to meet the needs of the reform of the power system, extend the company's industrial structure, and further develop the energy market and improve the company's strategic layout, Ningxia Jialong New Energy Operation and Management Co., Ltd., a wholly-owned subsidiary of the company, established a wholly-owned subsidiary, Ningxia Jiajun Power Sales Co., Ltd., with its own funds of 20 million yuan.
According to the relevant provisions of the Articles of Association of the Company, the decision-making authority of the investment matter belongs to the authority of the chairman of the board of directors and does not need to be submitted to the board of directors and the general meeting of shareholders for consideration; the investment does not constitute a related party transaction and does not constitute a major asset restructuring.
Second, the basic situation of the investment target
(1) Basic information
(2) Shareholders
3. The impact of the investment on the company
The establishment of a power sales company by a wholly-owned subsidiary at the first level of the company is in line with the current national policy requirements for accelerating the reform of the electricity sales side; it is conducive to the company taking advantage of the current opportunity of power market reform, relying on policy support and regional advantages, rapidly expanding the relevant business in the power sales market, building an industrial layout in the power distribution business, cultivating new profit growth points, further enhancing the company's competitiveness in the power market, in line with the interests of the company and all shareholders, and there is no harm to the interests of the company and all shareholders.
This is hereby announced.
Board of Directors of Ningxia Jiaze New Energy Co., Ltd
February 27, 2021
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