Announcement of establishment
Shanghai Shenneng New Energy Investment Co., Ltd. (hereinafter referred to as New Energy Company), which is jointly invested by our company, Shenneng (Group) Co., Ltd. and Shanghai Gas (Group) Co., Ltd., was formally incorporated a few days ago. The new energy company was restructured from the former Shanghai Shenneng Technology Development Co., Ltd. with a registered capital of 200 million yuan, of which the company contributed 60 million yuan, accounting for 30% of the registered capital; Shenneng (Group) Co., Ltd. contributed RMB 6,543.8 billion, accounting for 50% of the registered capital; Shanghai Gas (Group) Co., Ltd. invested 40 million yuan, accounting for 20% of the registered capital. The capital contribution of all shareholders is in cash.
The business scope of new energy companies includes technology development, resource utilization, project investment and industrial operation related to renewable energy, clean energy, bioenergy and reducing energy consumption and improving energy efficiency. Project investment, management and four technical services of electric power and energy-related environmental protection industries. The establishment of new energy companies will promote the development and utilization of renewable energy, increase the supply of green energy, improve the energy structure, ensure energy security and have a good market prospect.
Investing in new energy companies will expand the company's investment in the field of new energy, further enhance the company's status as an energy enterprise and market influence, and help to make the energy industry bigger and stronger.
According to the Articles of Association and the Listing Rules of Shanghai Stock Exchange, this investment belongs to the decision-making authority of the general manager of the company.