Yantai Jereh Oilfield Services Group (002353.SZ) intends to establish a subsidiary in Dubai to conduct SMR related business.

21:34 05/01/2026

Jereh Group (002353.SZ) announced that the company plans to establish a holding subsidiary in Dubai, United Arab Emirates, through its wholly-owned subsidiary Jereh Middle East Company and jointly invest with Mr. Li Weibin, the Vice President of Jereh Group, to carry out business activities related to small modular reactors (SMR). The registered capital of the holding subsidiary is proposed to be 10 million UAE dirhams (approximately RMB 19.07 million), with Jereh Middle East Company contributing 9.4 million UAE dirhams in cash, accounting for 94% of the registered capital, and Mr. Li Weibin contributing 600,000 UAE dirhams in cash, accounting for 6% of the registered capital.

Yantai Jereh Oilfield Services Group (002353.SZ) announced that the company plans to jointly invest with Mr. Li Weibin, Vice President of Yantai Jereh Oilfield Services Group, through its wholly-owned subsidiary Jereh Middle East Company, to establish a holding company in Dubai, UAE, to engage in the operation of Small Modular Reactors (SMR) related businesses. The registered capital of the holding company is planned to be 10 million UAE Dirhams (approximately RMB 19.07 million), with Jereh Middle East Company contributing 9.4 million UAE Dirhams in currency, accounting for 94% of the registered capital; Mr. Li Weibin will contribute 0.6 million UAE Dirhams in currency, accounting for 6% of the registered capital.

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