Jiangsu Zongyi (600770.SH) announced on November 13th that based on the company's development global strategy and operation plan, it is promoting the company to seek outwards development based on its existing new energy fund business, further expanding its business and revenue scale, and developing new profit growth points. The company's wholly-owned subsidiary, Jiangsu Zongyi Solar, signed an agreement on the equity transfer and capital increase of Jiangsu Xinyu Environmentally Friendly Technology Co., Ltd. on November 13, 2024 with Yang Sichuan, Wu Tiantian, Nantong Juye Enterprise Management Center (Limited Partnership), Nantong Jinjiuhuitong Fifth Venture Capital Fund Partnership Enterprise (Limited Partnership), and Jiangsu Xinju Environmentally Friendly Technology Co., Ltd., planning to invest 14 million yuan in Xinyu Environmentally Friendly Technology.
Jiangsu Zongyi Solar plans to acquire 26.67% equity of Xinyu Environmentally Friendly Technology held by Yang Suchuan and Wu Tiantian for a total of 5 million yuan in cash, and inject 9 million yuan in additional capital into Xinyu Environmentally Friendly Technology. After the completion of this investment, Jiangsu Zongyi Solar will hold 50.45% equity in Xinyu Environmentally Friendly Technology. The source of funds for this investment is Jiangsu Zongyi Solar's own capital.
