A few days ago, China Communications Construction Co., Ltd. issued the "Announcement on Related Transactions Involved in Jointly Investing and Establishing Offshore Wind Power Company with CCCC". Investment in wind power operation and maintenance and offshore wind power equipment, with a registered capital of RMB 2.5 billion.

CCCC agrees that its subsidiary CCCC Third Navigation Engineering Bureau Co., Ltd. and its related parties CCCC Industrial Investment Holdings Co., Ltd., Three Gorges Energy, Datang International Power Generation Co., Ltd., Guohua Investment, and Envision Energy: 37%: 20%: 20%: 10%: 10%: 3%, and jointly invest about 2.5 billion yuan to establish an offshore wind power company. Among them, the Three Aviation Bureau invested a total of 925 million yuan in cash and in kind, holding a 37% stake in the offshore wind power company.

It is understood that the name of the joint venture company to be formed is CCCC Offshore Wind Power Development Co., Ltd. Three Navigation Bureau, China Communications Industrial Investment, Three Gorges Energy, Datang Power Generation, Guohua Investment and Envision Energy will invest 925 million yuan, 500 million yuan, 500 million yuan, 250 million yuan, 250 million yuan and 75 million yuan respectively. Subscribing 925 million shares, 500 million shares, 500 million shares, 250 million shares, 250 million shares and 75 million shares of the joint venture company, accounting for 37%, 20%, 20%, 10%, 10% of the total registered capital of the joint venture company respectively and 3%.

Three Navigation Bureau, China Communications Industry Investment, Three Gorges Energy, Datang Power Generation, Guohua Investment and Envision Energy entered into a sponsor agreement to jointly fund and form a joint venture company, which is conducive to giving full play to the Three Navigation Bureau's post-operation in offshore construction, foundation and wind turbine equipment testing. Maintain the leading position in the field of service and other industries, coordinate various resources related to offshore wind power within the group, and strengthen industrial coordination, so that the company will continue to maintain strategic initiative in the development and changes of the offshore wind power industry, and better implement the new development of "strengthening the chain and extending compensation". The idea effectively responds to the development needs of the industry, builds the brand and competitiveness of the offshore wind power industry, and has a positive effect on the company's large-scale, refined large-scale, and refined market.

The new company will set up a board of directors, which consists of 7 directors, including 2 directors recommended by the Sanhang Bureau, 1 director recommended by CCCC, China Three Gorges Energy, Datang Power Generation, and Guohua Investment, and 1 employee director; Set up a chairman, recommended by the three aviation bureaus, and approved by the shareholders' meeting. Editor / Zhao E