On March 19, Ge Longhui Co., Ltd. (300772.SZ) announced that on March 19, 2024, the company held the 16th meeting of the 5th board of directors and the 11th meeting of the 5th board of supervisors to review and pass the “Proposal on Project Follow-up Investment and Related Transactions of Energy Storage Companies”.
In order to stimulate the passion of core employees for innovation and entrepreneurship and promote innovative business development, the company plans to follow up and invest in energy storage company projects. The company plans to establish the holding subsidiary Yunda Energy Storage Technology Co., Ltd. (tentative name, “Energy Storage Company”) as the project operating company, with a registered capital of 10,000 yuan (proposed), of which the company invested 86.9 million yuan (proposed), and the co-investors invested 13.1 million yuan through the joint establishment of a follow-up investment platform (ultimately subject to the actual investment of the follow-up investment target). Since 5 directors and executives, including the company's director and general manager Mr. Chen Qi, will participate in this follow-up investment as follow-up targets, this follow-up investment matter forms a related transaction.