合资公司的名称为金隆(西安)新能源科技有限公司，经营范围为生产及销售太阳能电池，均以中国西安市市场监督管理局及/或国家市场监督管理总局最终核准登记为准。Goldensolar (01121) announced that on September 19, 2024, its indirect wholly-owned subsidiary, Goldensolar (Quanzhou), entered into a joint venture agreement with JuEntergy and Longji. According to the agreement, the contracting parties agreed to establish a joint venture company with a registered capital of RMB 0.659 billion. After its establishment, the joint venture company will be 52.51%, 27.31%, and 20.18% owned by JuEntergy, Goldensolar (Quanzhou), and Longji, respectively.
Goldensolar (01121) announced that on September 19, 2024, its indirect wholly-owned subsidiary, Goldensolar (Quanzhou), entered into a joint venture agreement with JuEntergy and Longji. According to the agreement, the contracting parties agreed to establish a joint venture company with a registered capital of RMB 0.659 billion. After its establishment, the joint venture company will be 52.51%, 27.31%, and 20.18% owned by JuEntergy, Goldensolar (Quanzhou), and Longji, respectively.
According to the agreement, the contracting parties shall pay their respective contributions in the following manner: JuEntergy shall inject assets and fully pay its contribution of RMB 0.267 billion in cash of RMB 79 million to the joint venture company within three months and nine months after its establishment, respectively. Goldensolar (Quanzhou) shall inject assets and fully pay its contribution of RMB 0.109 billion in cash of RMB 71 million to the joint venture company within three months after its establishment. Longji shall fully pay its contribution of RMB 0.133 billion in cash by injecting Longji's assets within three months after the establishment of the joint venture company.
The joint venture company is named Jinlong (Xi'an) New Energy Technology Co., Ltd., with the business scope of producing and selling solar energy batteries, subject to the final approval and registration of the Xi'an Municipal Administration for Market Regulation and/or the State Administration for Market Regulation of China.
The contracting parties have decided to establish a joint venture company to produce HBC solar cells. After upgrading Longji's four PERC production lines at the Xi'an Aerospace Industrial Base to high-efficiency HBC production lines in accordance with the relevant contractual specifications for efficiency and quality, the contracting parties intend for the joint venture company to sell most of the produced HBC solar cells to Longji or its affiliated companies, which will further package them into modules for sale.
In addition, Goldensolar (Quanzhou) will bear the cost to maintain the validity of the HBC product-related intellectual property rights during the effective period of the joint venture agreement. Within 60 working days from the date of establishment of the joint venture company, Goldensolar (Quanzhou) shall enter into an intellectual property license agreement with the joint venture company, whereby it will license the joint venture company to pay royalty fees for the use of all intellectual property rights required for the production and manufacturing of HBC products.
The announcement states that the new HBC product technology has higher efficiency and other advantages. The directors believe that the group will be able to commercialize the HBC product technology through this cooperation and replicate this business model in the future, bringing excellent returns to the shareholders.
