Bank Of China (000982): Plans To Invest In New Energy Electric Vehicle Replacement Project

Bank of China (000982. SZ) announced on July 15 that through the investigation of new energy industry, the company believes that the downstream application end market of new energy has good development and growth space, and plans to carry out battery replacement business of two and three wheel electric vehicles involved in new energy application (hereinafter referred to as "power exchange project"), so as to broaden and coordinate the industrial chain and enhance the company's profitability, Enhance the sustainable development ability of the company. The company plans to carry out electric vehicle exchange business in Shanghai, and set up asset holding platform and power exchange business operation company respectively. The asset holding platform will hold fixed assets such as power exchange cabinet and battery and deliver them to the power exchange business operation company in the form of lease.

Shanghai Sanling Energy Management Co., Ltd. (hereinafter referred to as "Shanghai Sanling") is a wholly-owned subsidiary established by the company with its own capital of 54 million yuan, as the holding platform of the company's wholly-owned assets to carry out the power exchange project. According to the company's plan of the power exchange business operation platform, the company customized and purchased the fixed assets such as the power exchange cabinet and battery pack.

The company cooperates with Shanghai yiene Power Supply Technology Co., Ltd. (hereinafter referred to as "egene power") to establish Shanghai ohan intelligent technology partnership (limited partnership) (subject to the industrial and commercial approval, hereinafter referred to as "OHN intelligence"), and invested in the power exchange business operation company. The registered capital of Aohan intelligent is 5.1 million yuan, of which Beijing Junlan Investment Co., Ltd. (hereinafter referred to as "Junlan investment") is the GP and executive partner of the company, and Junlan investment has subscribed 51000 yuan, accounting for 1% of the total; As Lp1, the company subscribed 4.029 million yuan, accounting for 79% of the share; Yiene power is LP2, with a subscription of 1.02 million yuan, accounting for 20% of the total.

OHN intelligence and Shanghai huandian Intelligent Technology Co., Ltd. (hereinafter referred to as "Shanghai huandian") jointly established Shanghai 982 IOT Technology Co., Ltd. (subject to the industrial and commercial approval, hereinafter referred to as "982 IOT"), which carries out power exchange business from the asset holding platform Shanghai Sanling leasing power exchange cabinet, battery pack and other fixed assets, Including the laying and operation of relevant power exchange cabinets. 982 the registered capital of IOT is 10 million yuan, including 5.1 million yuan and 51% shares of ohan intelligent, and 4.9 million yuan of capital and 49% of shares of Shanghai huandian.