Foran Energy Group (002911.SZ) has confirmed that its joint venture company, Nanwang Yundian, will be the investor for the capital increase project of Yundian Investment Control.

Foran Energy Group (002911.SZ) announced that the company, as a minority shareholder, along with the controlling shareholder Foshan Investment Holdings Group Co., Ltd., Funeng Oriental Equipment Technology Co., Ltd., Guangdong Huiyuantong Group Co., Ltd., Guangdong Qingdao Eastsoft Communication Technology Co., Ltd., and Foshan Industrial Investment Co., Ltd., jointly invested to establish Guangdong Nanwang Cloud Power Investment Holdings Co., Ltd. (referred to as "Nanwang Cloud Power"). Nanwang Cloud Power is mainly engaged in the field of emerging energy industries, electric power energy industries, and equipment manufacturing related to them. Recently, Nanwang Cloud Power received a "public capital increase certificate" from Shanghai United Property Exchange Co., Ltd. (referred to as "Shanghai United Exchange") regarding the "Yunnan Cloud Power Investment Holdings Group Co., Ltd. capital increase project." After examination by Shanghai United Exchange, Nanwang Cloud Power has been confirmed as the capital increase party for Yunnan Cloud Power Investment Holdings Group Co., Ltd. (referred to as "Yun Dian Investment Control") capital increase project. The total investment amount for this capital increase is 6.959 billion yuan.