On November 26th, Golunhui Moso Power Supply (002660.SZ) announced that the company plans to jointly invest in the establishment of Zhongshuo Technology Co., Ltd. (hereinafter referred to as the "Joint Venture Company", subject to industrial and commercial registration), with a registered capital of 100 million RMB. The company plans to contribute 41 million RMB in cash, accounting for 41%; Technology Group plans to contribute 10 million RMB in cash, accounting for 10%; Dongfang Xuneng plans to contribute 49 million RMB in cash, accounting for 49%; the company accepts a 10% voting entrustment from Technology Group. The parties plan to sign a "Cooperation Agreement between Moso Power Supply Technology Co., Ltd., Jinan Chanfa Technology Group Co., Ltd., and Dongfang Xuneng (Shandong) Technology Development Co., Ltd. on the Establishment of a Joint Venture Company".
The establishment of the joint venture company will help Moso Power Supply further integrate new energy industry resources, optimize industrial structure, promote vertical integration and horizontal expansion of the industry chain, improve operational efficiency, reduce costs, and enhance the market competitiveness and risk resistance of Moso Power Supply.
