Jingye Intelligence announced that the company plans to establish a holding subsidiary, Hangzhou Jinghan Energy Technology Co., Ltd., with a registered capital of RMB 50 million. The company will invest RMB 17.5 million in cash, accounting for 35% of the registered capital. The main business of the new company focuses on R&D, design and manufacture of advanced nuclear energy systems and their key equipment. This transaction involves a related transaction, but it does not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”.

Jingye Intelligence announced that the company plans to establish a holding subsidiary, Hangzhou Jinghan Energy Technology Co., Ltd., with a registered capital of RMB 50 million. The company will invest RMB 17.5 million in cash, accounting for 35% of the registered capital. The main business of the new company focuses on R&D, design and manufacture of advanced nuclear energy systems and their key equipment. This transaction involves a related transaction, but it does not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”.