Securities Code: 300129 Securities Abbreviation: Taishang Wind Energy Announcement No.: 2026-030
Taishang Wind Energy Group Co., Ltd. Announcement on Capital Increase in a Controlled Subsidiary with a Related Party
The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
Special Risk Warning: This transaction is subject to approval by the internal authorized bodies of both parties and approval or filing with the competent state-owned asset supervision authority, carrying certain approval risks. This transaction may also lead to market and operational risks, cooperation and governance risks, and financial risks. In response to these risks, the Company will adopt measures such as reasonable economic valuation, equipment maintenance, strengthened management, pre-defined decision-making mechanisms for key matters, optimized financing structures, and exploration of diversified exit strategies to mitigate various risks. Investors are advised to invest rationally and be aware of investment risks.
I. Overview of Related Party Transactions
(I) Main Content of Related Party Transaction On June 2, 2026, the eleventh meeting of the sixth Board of Directors of Taishang Wind Energy Group Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on Joint Capital Increase in a Controlled Subsidiary with a Related Party and Related Party Transaction." It was agreed that the Company's wholly-owned subsidiary, Guangdong Taishang Investment Holdings Co., Ltd. (hereinafter referred to as "Taishang Investment Holdings"), and the Company's controlling shareholder, Guangzhou Kaide Investment Holdings Co., Ltd. (hereinafter referred to as "Guangzhou Kaide"), will jointly inject RMB 994 million into the Company's controlled subsidiary, Guangzhou Taishang New Energy Investment Co., Ltd. (hereinafter referred to as "Taishang New Energy" or "the Joint Venture Company"). Among them, Taishang Investment Holdings will contribute approximately RMB 507 million in cash, accounting for 51% of the new capital increase in the Joint Venture Company, and Guangzhou Kaide will contribute approximately RMB 487 million, accounting for 49% of the new capital increase.
(II) Related Party Relationship Guangzhou Kaide is the controlling shareholder of the Company. According to the "Listing Rules of the Shenzhen Stock Exchange for GEM Companies," it is a related legal person of the Company, and therefore, this capital increase constitutes a related party transaction.
(III) Approval Procedures
- On June 2, 2026, the eleventh meeting of the sixth Board of Directors of the Company deliberated and approved the "Proposal on Joint Capital Increase in a Controlled Subsidiary with a Related Party and Related Party Transaction." Related directors Mr. Li Weitao, Mr. Tang Qingrong, and Mr. Liao Zihua recused themselves from voting. This proposal was approved by 4 votes in favor, 0 votes against, and 0 abstentions by non-related directors.
- On June 1, 2026, the second meeting of the independent directors in 2026 deliberated and approved the "Proposal on Joint Capital Increase in a Controlled Subsidiary with a Related Party and Related Party Transaction" with 3 votes in favor, 0 votes against, and 0 abstentions.
- According to the "Listing Rules of the Shenzhen Stock Exchange for GEM Companies," the "Articles of Association," and other relevant regulations, this matter is subject to approval by the shareholders' meeting, and related parties with a conflict of interest will recuse themselves from voting.
- This related party transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it constitute a restructuring and listing. This transaction is also subject to approval by the internal decision-making body of Guangzhou Kaide.
II. Basic Information of the Related Party
(I) Basic Overview