Shenzhen Sunrise New Energy (002256.SZ) plans to jointly invest with Yiyang Energy in implementing a coal mine low-concentration gas utilization project.

Shenzhen Sunrise New Energy (002256.SZ) announced that the company has signed a "Strategic Cooperation Framework Agreement" and an "Investment Cooperation Agreement for the Destruction and Comprehensive Utilization of Low-Concentration Coal Mine Gas (Gas Depleted) and Excess Heat Project" with Zhejiang Yiyang Energy Technology Co., Ltd. (referred to as "Yiyang Energy"). They will jointly establish a joint venture to implement the "Qianjiaying Coal Mine Low-Concentration Gas Utilization Project" and similar gas utilization projects. The business scope of the joint venture company mainly includes investing in the development of coal mine low-concentration gas oxidation destruction and excess heat comprehensive utilization projects. The registered capital of the joint venture company is RMB 10 million, with the company planning to invest RMB 5.5 million in self-owned funds, holding 55% of the equity stake, constituting a controlling stake; Yiyang Energy will invest RMB 4.5 million, holding 45% of the equity stake. The total investment in the project will not exceed RMB 110 million. It is reported that this joint venture will help enhance the market competitiveness and sustainable development capabilities of the joint venture company in the field of low-concentration gas recovery and utilization.