Tianhe Solar Energy: Injects 800 million yuan into its holding subsidiary.

date
14/06/2025
Tianhe Solar Energy announced that the company plans to increase its investment in its controlling subsidiary, Jiangsu Tianhe Energy Storage Co., Ltd., by 800 million yuan through its wholly-owned subsidiary, Tianhe Smart Energy Investment Development Co., Ltd., subscribing to 187 million yuan of new registered capital in the target company. After this capital increase, the company's controlling stake in Tianhe Energy Storage will increase from 57.17% to 64.31%. The shareholder of Tianhe Energy Storage, Zhejiang Lishui Xingchuang Enterprise Management Consulting Co., Ltd., is a related party of the company. This capital increase constitutes a related transaction of joint investment with a related party, but does not constitute a major asset restructuring as defined in the Regulations on the Management of Major Asset Restructuring of Listed Companies. This transaction has been approved by the Eighth Special Meeting of the Third Board of Directors, the Thirtieth Meeting of the Third Board of Directors, and the Fifteenth Meeting of the Third Board of Supervisors, with related directors Gao Jifan, Gao Haichun, and Gao Jiqing abstaining from voting. This transaction still needs to be submitted for approval by the shareholders' meeting.