China Tianying and Three Gorges Construction and other parties cooperate to comprehensively expand the "gravity energy storage + new energy" project

On April 15, 2022, in order to actively respond to the country's goals of achieving carbon peak and carbon neutrality and build a new power system with new energy as the main body, after friendly negotiations, Atlas (Jiangsu) New Energy Technology Co., Ltd., a holding subsidiary of China Tianying Co., Ltd., and the Energy Investment Professional Committee of the China Investment Association, China Three Gorges Construction (Group) Co., Ltd., and China Construction Seventh Bureau New Energy (Shanghai) Construction Co., Ltd. signed a "Strategic Cooperation Agreement" to reach strategic cooperation on matters related to energy market development.

Main contents of the agreement

Party A: Energy Investment Committee of China Investment Association

Party B: China Three Gorges Construction (Group) Co., Ltd.

Party C: China Construction Seventh Engineering Bureau New Energy (Shanghai) Construction Co., Ltd.

Ding Fang: Atlas (Jiangsu) New Energy Technology Co., Ltd.

1. Scope of cooperation: The scope of cooperation among the four parties focuses on the field of new energy, including but not limited to new energy projects such as hydropower, wind power, photovoltaics, energy storage technology (gravity energy storage), tailings management, construction waste and comprehensive resource recovery, and also involves new material research and development, equipment manufacturing, scientific research industrialization and technical services in the above-mentioned fields.

2. Main contents of the cooperation:

(1) During the strategic cooperation period, Parties A, B, C and D may conduct irregular exchanges and discussions on the market development trends of relevant industries, macro and industry policy orientations, relevant technologies, equipment and products, etc., to enhance the innovation capabilities of all parties, continuously explore better cooperation models and technical solutions, learn from each other's strengths and overcome their weaknesses, and achieve win-win cooperation.

(2) The four parties will cooperate to explore the new energy market. The specific method can be flexibly determined based on the actual situation of the specific project.

3. Effectiveness of the Agreement: This Agreement shall come into effect on the date when the legal representatives of Party A, Party B, Party C and Party D or their authorized representatives sign and affix their official seals.