Juhua Group: Juhua in Gansu contributes 800 million yuan in cash to increase investment in Juhua New Energy

Goliath Group announced that its controlling subsidiary, Gansu Goliath, is making a cash investment of 800 million yuan to increase the registered capital of its wholly-owned subsidiary, Goliath New Energy, from 50 million yuan to 850 million yuan. This investment will be used for the implementation of a 1GW wind power project. The total investment for the project construction is 3.737 billion yuan, with an estimated total electricity generation profit of 3.419 billion yuan over a 20-year operational period. This capital increase will meet the capital requirements of the Goliath New Energy project, creating a new profit growth point for the company. It will increase the proportion of green electricity used in Gansu Goliath's production, effectively reducing production costs, enhancing product market competitiveness and low-carbon competitiveness, and promoting green and low-carbon transformation and upgrading.