Kelu Electronics: RMB 109 million transfers 100% equity of wholly-owned subsidiary

[China Instrument Network Instrument Enterprise] On March 28, Kelu Electronics released an evening announcement. The company's sixth (temporary) meeting of the 6th Board of Directors reviewed and approved the “Transfer of the Subsidiary of Luyi Photovoltaic Power Generation Co., Ltd. in Fenyi County. motion".

The board of directors of the company agreed to transfer 100% equity of the wholly owned subsidiary of the company, Fenyi County Luhui Photovoltaic Power Generation Co., Ltd., to Jiangxi Shuitou Energy Development Co., Ltd. at a price of RMB 109.6694 million. Upon completion of the transaction, The company no longer holds shares in Luhui.

Jiangxi Shuitou Energy Development Co., Ltd. was established on February 10, 2009. It is mainly engaged in the development and operation of hydropower, photovoltaic, and wind power; power sales; maintenance and repair of hydraulic, photovoltaic, wind turbine and power transmission lines; And energy equipment, equipment management; power supply, charging piles, new energy technologies and new equipment development and utilization.

Jiangxi Shuitou Energy Development Co., Ltd. is a wholly-owned subsidiary of Jiangxi Provincial Water Conservancy Investment Group Co., Ltd. Relying on the investment and financing platform of Shuitou Group, the company actively participates in water conservancy and hydropower development, construction and management operations throughout the country and even in the world, focusing on the development of wind power. New energy industries such as photovoltaics, electric batteries, and charging piles have been continuously acquired, restructured, or transformed into new energy power generation projects based on assets. They have been optimized and combined to fully tap potential, enabling the company to further grow.

(Original Title: Keyou Electronics Transfers 100% of Luhui Photovoltaic Power Co., Ltd., a wholly-owned subsidiary)