Jiangsu Guoxin Co., Ltd. (hereinafter referred to as "Jiangsu Guoxin") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Overview of Related Transactions
(1) Basic Situation
At the fifth meeting of the sixth board of directors of Jiangsu Guoxin, it was approved that the indirectly controlled subsidiary Jiangsu Guoxin Gaoyou Thermal Power Co., Ltd. (hereinafter referred to as "Guoxin Gaoyou") would jointly invest in a photovoltaic project with related parties Jiangsu New Energy Development Co., Ltd. (hereinafter referred to as "Jiangsu New Energy") and Boteng International Investment and Trade Co., Ltd. (hereinafter referred to as "Boteng"). Jiangsu New Energy Haoyou New Energy Development Co., Ltd. (abbreviated as "Haoyou New Energy") was established on June 21, 2023, with a registered capital of 82.1 million RMB, of which Guoxin Gaoyou subscribed to 22.988 million RMB, holding a 28% equity stake.
Due to various factors such as industry policies, market environment, project conditions, and regional resources, the uncertainty regarding Haoyou New Energy's future operations has increased. As of now, Haoyou New Energy has not fully commenced its business activities, and the shareholders have not made their capital contributions. Considering that the continuation of Haoyou New Energy would lead to idle resources, all shareholders intend to deregister Haoyou New Energy, and Guoxin Gaoyou will cancel its investment plan in Haoyou New Energy.