Jiangsu Sunshine (600220): Plans To Invest 2 Billion To Establish Inner Mongolia Chengan New Energy Company

Jiangsu Sunshine (600220) announced on the evening of March 8 that the company intends to invest 2 billion yuan in cash to establish Inner Mongolia Cheng'an new energy Co., Ltd. the main business scope includes the research, production, processing and sales of semiconductor materials, single crystal silicon rods, single crystal silicon chips, polycrystalline silicon rods, polycrystalline silicon chips and solar cell modules. As of September 30, 2021, the monetary capital of the company's consolidated statements is 420 million yuan. This investment involves a large amount of money. At present, the financing plan is not clear.

The establishment of the new company has not yet been completed. There are still uncertainties in the development of relevant projects and future operation, which will not have a significant impact on the company's operating performance. After the establishment of the new company, there are still uncertainties in the future business development and operation, and the impact on the company's future performance is uncertain.