On January 3, Jiangxi Ganneng Co., Ltd. (hereinafter referred to as "Ganneng Co., Ltd." or "the company") announced that Jiangxi Yuchen wisdom energy Co., Ltd. (hereinafter referred to as "Yuchen wisdom", the company's shareholding ratio is 70%) plans to build a 16 MWP roof photovoltaic power generation project in oufeiguang Park, Nanchang high tech Zone, Jiangxi Province, with a total planned investment of about 54 million yuan and a total investment of 10 million yuan Grid connected power generation is planned in the first half of 2020.

According to the announcement, the project will build a distributed photovoltaic power generation system on the roof of the building in the oufeiguang Park of Nanchang high tech Zone, which will be connected to the power grid from the power distribution system of the park, so as to provide environmental protection power for energy consuming enterprises. After the completion of the project, it will optimize the regional power supply structure, save energy consumption cost for energy consuming enterprises, and achieve energy conservation, emission reduction and environmental protection benefits for the society.

At the same time, the announcement said that Ganneng has made clear the direction of strategic transformation and invested in the development of new energy industries such as photovoltaic, wind power, energy storage and incremental distribution network while developing traditional power generation business. After the operation of the investment project, it is conducive to the development planning and industrial layout of Ganneng Co., Ltd. in the new energy field, and is conducive to improving the benefits of Ganneng Co., Ltd. in addition, it has no other significant impact on the future financial situation and operating results of Ganneng Co., Ltd.

Ganneng was listed on Shenzhen Stock Exchange in November 1997. Its main business is power production and sales, with a registered capital of 976 million yuan. By the end of the third quarter of 2019, Ganneng's total assets were RMB 7.223 billion and net assets were RMB 4.822 billion. Jiangxi Investment Group Co., Ltd. was the controlling shareholder of the company, holding 39.72% of the shares, and SDIC Power Holding Co., Ltd. was the second largest controlling shareholder, holding 33.72%.