Summary by Moomoo AI
XINTIAN GREEN ENERGY CO., LTD. (“XINTIAN GREEN ENERGY”) ANNOUNCED ON 6 MAY 2024 THAT THE COMPANY HAS ENTERED INTO AGREEMENT DEPOSIT AGREEMENTS WITH SEVERAL BANKS ON THE BASIS OF FUNDS RAISED BY PREVIOUSLY UNPUBLICLY ISSUED A SHARES. The initiative aims to improve efficiency in the use of funds and increase storage returns, while protecting investor interests. XINTIAN GREENPOWER WAS APPROVED BY THE CHINA SECURITIES REGULATOR IN 2021. THE TOTAL NON-PUBLIC SHARE RAISING FUND AMOUNTED TO APPROXIMATELY RMB45.96 MILLION, AND THE NET ACTUAL FUNDRAISING AFTER ISSUANCE FEES WAS APPROXIMATELY RMB45.45 MILLION. Once the funds have been raised, the company has signed a dedicated storage supervision agreement with the sponsor and the account opening bank. The term of this Agreement Deposit is one year from the date of approval by the Board of Directors. The decision has been approved by the Board of Directors and the Board of Supervisors with the consent of the sponsor.