Zhongmin Energy: Plans to invest 452 million yuan to build an 80MW Fishery Photovoltaic Complementary PV Power Station project.
The announcement of Zhongmin Energy stated that the company plans to invest in the construction of the Zhongmin Energy Zao'an Sido 80MW Fishery Complementary Photovoltaic Power Station Project in Zao'an County, Zhangzhou City, Fujian Province, with a total investment of approximately 452 million yuan. The company holds 51% equity of the project company, and is required to invest approximately 46.1319 million yuan in capital. The project is expected to start construction on June 1, 2026, with a construction period of 12 months and an expected investment return rate of 5.04%. This investment has been approved by the board of directors and does not require approval from shareholders, and does not constitute a related party transaction or major asset restructuring. There are construction and operation risks in the project, and the company will strengthen supervision and risk prevention.
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