Zhitong Finance App News, Ganneng Co., Ltd. (000899.SZ) announced that the temporary board of directors of the company deliberated and approved Shangganneng New Energy (the company's wholly-owned company) to invest in the construction of the Magang Ganneng 50MW agricultural (fishing) complementary photovoltaic power generation project in Sixi Town, Shanggao County. The total planned investment of the project is about 169 million yuan, and it was agreed that Ganneng Zhihui (a subsidiary of the company) would increase the registered capital of Shangganneng New Energy to 220 million yuan in accordance with the capital requirement of 25% of the total investment.

According to the announcement, the Magang Ganneng 50MW agricultural (fishing) complementary photovoltaic power generation project in Sixi Town, Shanggao County, is located in Shanggao County, Yichun City, Jiangxi Province, with a total installed capacity of about 50.2652 MW. The implementation of the project is conducive to the company's further expansion and improvement of the company's plans and industrial layout for the development of the new energy sector, and to enhance the company's efficiency.