China and Fujian Energy: plan to invest 160 million yuan to participate in the establishment of a shareholding company in Tibet

[China-Fujian Energy: plans to contribute 160 million yuan to participate in the establishment of a shareholding company in Tibet]-- China and Fujian Energy announced that in order to do a good job in assisting Tibet in Fujian Province and deepen cooperation in clean energy development. The company plans to jointly invest with Changdu Kangdian Clean Energy Investment Co., Ltd., Chongqing Jinyun Asset Management (Group) Co., Ltd., and Tianjin Teda Co., Ltd. (000652) Co., Ltd. to invest in Changdu, Tibet to establish a joint venture Changdu Kangyuan New Energy Co., Ltd. (the specific name is subject to the approval and registration of the market supervision and management authority). The registered capital of the joint venture is 1 billion yuan, of which Kangdian Energy subscribes 520 million yuan, accounting for 52% of the registered capital; the company subscribes 160 million yuan, accounting for 16% of the registered capital; Jinyun assets subscribed 160 million yuan, accounting for 16% of the registered capital; Teda shares subscribed capital of 160 million yuan, accounting for 16% of the registered capital. The first project that the joint venture company intends to invest in development and construction is the 700000 kilowatt photovoltaic competition project of Jinshang base.