Another Enterprise Enter in Solar Industry

On Dec. 7, Wind Shares issued a statement saying, By paying cash, the company plans to purchase Nanjing Zhongqifei Investment Partnership (Limited partnership), Miyamoto Trading Co., LTD., Ningjin County Jingyuan New Energy Investment Co., LTD., Nanjing Boliandeng Investment Management Partnership (limited partnership), Beijing Jinshiji Fengxiang Trading Co., LTD., Ma Yanting, Han Lili and Huang Jinqiang with a total of 960 million yuan Some Suzhou Jingying Optoelectronic Technology Co., LTD. (hereinafter referred to as "Jingying Optoelectronic") 60% shares. Upon completion of the transaction, the Company will hold 60% of the shares of Jingying Optoelectronics, which will become a controlling subsidiary of the company.

After this transaction, Fengfan Shares will form the industrial pattern of "power transmission + photovoltaic", create new profit growth points, develop and expand the business scale, but also improve profitability and comprehensive competitiveness. The main business structure of Fengfan shares will be extended vertically. The development of its own transmission business can promote the absorption of photovoltaic power generation in the upstream, while the addition of photovoltaic business can promote the development and innovation of the tower manufacturing of the original main transmission line in the downstream.

Suzhou Jingying Optronics Technology Co., Ltd. was established in 2009 with a registered capital of 150 million yuan. From 2021 to June 2022, the main business of Jingying Optronics is the research and development, production and sales of monocrystalline silicon wafers, purified ingots, polysilicon wafers and polysilicon ingots, and provides monocrystalline silicon wafers processing services. The target company is a high-quality photovoltaic silicon wafer manufacturer, adhering to the development strategy of specialized production and diversified business, has established long-term stable cooperative relations with major customers, and has strong market competitiveness.

Fengfan Stock was established in 1993 and listed in 2011. Its registered address is located in Changshu City, Jiangsu Province, and its industry is metal products industry. The main business includes the research and development, design, production and sales of transmission line towers as well as the production and sales of transformer supports and communication towers. The business scope includes the research and development and manufacturing of power transmission and transformation lines, power towers, substation steel structures, power equipment, power transmission and transformation engineering materials, wind power generation equipment, communication equipment, broadcast communication towers and masts, all kinds of pipes and steel structural parts, etc.