Gansu Golden Solar Co., Ltd.
(GANSU GOLDEN SOLAR CO., LTD)
Announcement on the Investment in a 400,000 Kilowatt Wind Power Project
The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Notes:
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Gansu Golden Solar Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 70% of the equity of Jinta Haoyang New Energy Power Co., Ltd. (hereinafter referred to as "Jinta Haoyang") held by its related party Jiuquan Haoyuan New Energy Co., Ltd. through cash payment. After the transaction, Jinta Haoyang will become a controlling subsidiary of the Company and will be included in the consolidated financial statements. For details, please refer to the "Announcement on the Acquisition of 70% Equity of Jinta Haoyang New Energy Power Co., Ltd. and Related Party Transaction" (Announcement No.: 2026-048) disclosed by the Company on the same day on the CNINFO website (http://www.cninfo.com.cn).
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The projected investment amount, construction period, and investment returns for the 400,000 kW wind power project (hereinafter referred to as the "Wind Power Project") that Jinta Haoyang plans to continue to invest in are based on the Company's calculations considering the current market environment and relevant data, and do not constitute performance commitments to investors. The project implementation is subject to factors such as industry policies, market competition, price fluctuations, and market demand. The specific situation will be subject to subsequent implementation. Investors are kindly advised to pay attention to investment risks.
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The funding sources for this project are self-raised funds and financing loans. The availability of funds is subject to factors such as operating conditions, credit policy interest rate levels, and financing channels, and there is a certain degree of uncertainty regarding the fundraising situation. The Company will coordinate fund arrangements, reasonably determine fund sources, payment methods, and payment schedules to ensure the smooth implementation of the project.
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In accordance with the "Guiding Opinions on the Listing Rules of the Shenzhen Stock Exchange ChiNext Market," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Standardized Operation of ChiNext Listed Companies," and the "Measures for the Administration of Major Asset Restructuring of Listed Companies," etc., this transaction does not constitute a major asset restructuring, nor does it constitute a restructuring of the listing. It does not require approval from relevant departments. This investment matter still needs to be submitted for deliberation by the Company's shareholders' meeting.
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I. Overview of Outward Investment