Common Contracts

Solargiga Energy Holdings Limited

January 15th, 2019

• Filed
  January 15th, 2019

Reference is made to the Announcements in relation to the Previous Capital Injection. The Board is pleased to announce that, Jinzhou Yangguang (a wholly-owned subsidiary of the Company), Other Investors and the Target Company have entered into the Capital Injection Agreement on 20 November 2020, pursuant to which Jinzhou Yangguang agreed to inject a capital of RMB100,000,000 into the Target Company by way of cash contribution, among which RMB69,440,000 shall be accounted as registered capital by the Target Company, and RMB30,560,000 shall be accounted as capital reserve of the Target Company. As at the date of this announcement, Jinzhou Yangguang owned approximately 28% equity interest in the Target Company. Following the completion of the Capital Injection, Jinzhou Yangguang will own approximately 55% equity interest in the Target Company.