Gelonghui, April 3, 丨 China Tongpu (01763.HK) announced that on April 3, 2024, the company and CNNC Hainan Nuclear Power entered into an investment cooperation agreement to establish a joint venture. According to the investment cooperation agreement, the registered capital of the joint venture is RMB 50 million, of which the company will invest RMB 25.5 million in monetary capital, and CNNC Hainan Nuclear Power will invest RMB 24.5 million in monetary capital. After the establishment of the joint venture, the company and CNNC Hainan Nuclear Power will hold 51% and 49% of the shares in the joint venture, respectively, and the joint venture will become a subsidiary of the company.
The joint venture will use electron accelerator irradiation processing as its main business, carry out deep processing services and various operations such as preservation, preservation, and sterilization of specialty agricultural products, promote the high-quality development of specialty agricultural products in Yulin and surrounding regions, and become a leading enterprise in the field of irradiation applications in Yulin and even Guangxi.
Nuclear power is the core industry of CNNC. Nuclear power plant sites are already a scarce resource in China. Developing nuclear power as a clean energy source benefits the country and the people, and it is essential to have a nuclear power plant site supported by local governments and the public. Irradiation processing is a processing service industry directly related to people's livelihood. It has already received attention from the Yulin Municipal Government and local people. It is hoped that this will help and support the upgrading of the local specialty agricultural products industry. The company joined hands with CNNC Hainan Nuclear Power to cooperate to build an irradiation processing enterprise in Yulin City to promote the establishment of an effective communication mechanism between the two sides, and become a model for cooperation, mutual support and common development, which is necessary to achieve the collaborative development of CNNC's industry.
The nuclear technology application industry is an important industrial development direction for CNNC. The application of irradiation technology is one of the three major business segments of CNNC's nuclear technology application industry, and irradiation processing is an important part of the irradiation technology application business. The establishment of joint ventures is necessary to achieve industrial plans for irradiation applications.
The establishment of a joint venture can fill the gap in irradiation processing business in and around Yulin City. Replace some traditional techniques such as high temperature and sulfur fumigation with more environmentally friendly and convenient irradiation sterilization and insecticide technology to ensure more thorough sterilization, no toxic residue, direct treatment of packaged products, prevention of cross-contamination, and simpler and more reliable quality control. Earlier market research in Yulin City found that there are currently very few products treated using irradiation processing technology, but there are methods that can be processed through irradiation technology for special local agricultural products such as tangerine peel and Chinese herbal medicine, sterilization of spices and pet feed, and preservation of prepared vegetables and poultry meat. On the premise of maintaining the color, aroma, flavor and nutritional content of food without changes, it can provide a treatment method that is easy to control, continuous, no residue, low cost, and high safety, which is conducive to upgrading the regional industry, and can further enhance the added value of the local primary raw materials industry. The transformation and upgrading of the state provides the necessary Supporting facilities.