Gelonghui, January 5, 丨 Changyuan Group (600525.SH) announced that the company held the 45th meeting of the 8th board of directors on January 5, 2024 to review and pass the “Proposal on Foreign Investment of Changyuan Comprehensive Energy”, and agreed that Changyuan Integrated Energy (Shenzhen) Co., Ltd. (“Changyuan Comprehensive Energy”), a wholly-owned subsidiary of the company, will invest 29.95 million yuan of its own capital to participate as a limited partner in the two energy storage industry funds (“Energy Storage Industry Fund No. 1” and “Energy Storage Industry Fund No. 2”). As of the announcement date, the aforementioned fund had not yet been established, and the parties had not signed a partnership agreement.
The total pledge scale of the Energy Storage Industry No. 1 Fund is RMB 10 million, and Changyuan Comprehensive Energy has pledged an investment of RMB 5 million. The investors of the Energy Storage Industry No.1 Fund are mainly Shenzhen Nuclear Construction Commercial Factoring Co., Ltd., Changyuan General Energy, and Zhongkai New Energy (Shenzhen) Co., Ltd. (hereinafter referred to as “Zhongkai New Energy”). Energy Storage Industry No.1 Fund appointed Guangdong Baowan Equity Investment Fund Management Co., Ltd. (“Baowan Fund” for short), an affiliate of Zhongkai New Energy, as the fund manager.
The total subscription scale of the Energy Storage Industry Fund No. 2 is RMB 50 million, and Changyuan Comprehensive Energy has pledged an investment of RMB 24.95 million. The investors of the Energy Storage Industry No. 2 Fund are mainly Hainan Hongchuanyuan Private Equity Fund Management Co., Ltd. (“Hongchuanyuan Fund”), Changyuan General Energy, and Zhongkai New Energy. The Energy Storage Industry No. 2 Fund appointed Hongchuanyuan Fund as the fund manager.
The Energy Storage Industry No. 1 Fund and the Energy Storage Industry No. 2 Fund mainly invest in user-side energy storage projects. For fund investment projects, CCP New Energy's parent company, Nuclear Construction Financial Leasing (Shenzhen) Co., Ltd. (“Nuclear Construction and Leasing”) is solely responsible for financial leasing, Changyuan General Energy is responsible for general contracting, operation and maintenance, and Changyuan Shenrui Energy Technology Co., Ltd. (“Changyuan Energy”), a wholly-owned subsidiary of the company, is responsible for system integration.