On the afternoon of September 12, the strategic launch conference and the signing ceremony of the A round of financing of Shanghai Electric Energy Storage Technology Co., Ltd. (hereinafter referred to as "Shanghai Electric Energy Storage Technology") were successfully held in Shanghai. Jin Xiaolong, member of the Party Committee and vice president of Shanghai Electric, and Zhou Zhiyan, chief financial officer and secretary of the board of directors, attended the event.
At the signing ceremony, Shanghai Electric Energy Storage Technology signed a strategic cooperation agreement with Liangshan Prefecture, Sichuan, Chaohu Economic Development Zone, Anhui, and Taobei District, Baicheng City, Jilin, to deepen Shanghai Electric's energy storage industry layout. Subsequently, Shanghai Electric Energy Storage Technology signed a strategic cooperation agreement with Jiangsu Huadian, CGN Sichuan, and Kaifeng Times to form upstream and downstream synergies in the industrial chain.
In addition, Shanghai Electric Energy Storage Technology signed a capital increase agreement with Huaqiang Capital, Angang Capital, Guojun Venture Capital, Haiyue Asset Management, Cornerstone Capital, Gaoke Xinjun and Shanghai Electric. This round of capital increase was led by Huaqiang Capital, Guojun Venture Capital and Cornerstone Capital, followed by Angang Capital, Haiyue Asset Management and Gaoke Xinjun, and jointly completed a capital injection of 400 million yuan. The controlling shareholder Shanghai Electric simultaneously injected key intangible assets such as intellectual property rights. Through capital empowerment, we will continuously improve the corporate governance mechanism, strengthen talent support, enhance R&D and innovation capabilities, and promote the upgrading of industrial structure.
After completing this round of financing, Shanghai Electric Energy Storage Technology will focus on promoting the research and development of new systems, promoting the layout of the industrial chain and the construction of 100-megawatt projects, deepening industrial cooperation, accelerating industrial upgrading, and truly realizing capital empowerment.
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