Subject to the Announcement of Shanghai Stock Exchange (SSE), Zongyi (600770) concluded agreement with us on April 14, 2010, intending to increase an investment of RMB 65 MILLION into Eoplly New Energy Technology Co., Ltd. to subscribe shares of 3,520, taking 33.5% of the total shares of the Eoplly.
According to the data, Jiangsu Zongyi Co., Ltd. (hereinafter referred to as “the Company”) was approved to be listed on the stock market on October 22, 1996 by the CSRC (China Securities Regulatory Commission) (File No.: CSRC 279 [1996]). On November 20, 1996, the shares of the Company became publicly traded on the SSE. The several hi-tech enterprises controlled or held by the Company are not only leaders in the industry but formulators of relevant industrial standards.
The investment of Zongyi into us is not only showing its recognition to our comprehensive strength but infusing a new drive to our further growth, providing vigorous guaranty for Eoplly in realizing its target of “becoming the optimum PV solution provider”.
