Important Notice
- The company intends to invest in the establishment of Qinghai Energy Development (Group) Co., Ltd. (provisional name, subject to final approval by the industrial and commercial administration department, hereinafter referred to as "Qinghai Energy") with a monetary contribution of 230 million yuan, subscribing to 6.45% of Qinghai Energy's registered capital.
- The proposal to invest in Qinghai Energy involves co-investment with the company's controlling shareholder, Qinghai State-owned Assets Investment Management Co., Ltd. According to relevant regulations, this transaction constitutes a related party transaction. Related directors have abstained from voting on this matter at the board meeting. The investment in Qinghai Energy is conducted within the limits authorized by the shareholders' meeting, and the amount of the related party transaction does not exceed 5% of the company's most recent audited net assets; therefore, this investment does not require approval from the shareholders' meeting.
Overview of External Investment and Related Party Transactions
The company plans to jointly invest with Qinghai State-owned Assets Investment Management Co., Ltd. and seven other shareholders to establish Qinghai Energy, with a registered capital of 3.555 billion yuan. The company will contribute 230 million yuan, accounting for 6.45% of the registered capital, while Qinghai State-owned Assets Investment Management Co., Ltd. will also contribute 230 million yuan, accounting for 6.45%. The remaining six shareholders will contribute 3.095 billion yuan, accounting for 86.1%.