GCL Energy Technology (002015): Plans To Acquire 100% Equity Of Yundingshan New Energy

GCL energy technology (002015. SZ) announced that the company held the 31st meeting of the 7th board of directors on March 2, 2021, deliberated and passed the proposal on acquiring 100% equity of Lvliang north power Yundingshan new energy Co., Ltd. and related party transactions. After the completion of the transaction, Yundingshan new energy will be incorporated into the statements of listed companies, which is expected to improve the operating income and profits of Listed Companies in 2021.

This transaction is a prudent decision made by the company from the company's long-term interests and future development needs, which is conducive to improving the comprehensive strength of the company. It is also the need to fulfill the relevant commitments of the controlling shareholders and actual controllers, and to implement the equity pre acquisition agreement signed with related parties, so as to gradually solve the problem of horizontal competition and reduce related party transactions Necessity, in line with the overall interests of listed companies.