Hairun 950,000 Transfers 95% Equity Interest in Jinchang Hairun

Hairun 950,000 Transfers 95% Equity Interest in Jinchang Hairun Hareon Solar announced on Sunday afternoon that the company intends to transfer 95% of its controlling shareholder company Jinchang Hairun to Shunfeng Investment with 950,000 yuan.

Jinchang Hairun is controlled by Hairun Jingtong Holdings, a subsidiary of Hairun Solar, with a registered capital of RMB 1 million. It is currently developing a 70MW photovoltaic power generation project in Jinchuan District, Jinchang City. Up to now, no approval document has been obtained from the Gansu Provincial Development and Reform Commission.

Hairun Solar said that the equity transfer will help optimize the company's asset structure, improve the company's capital flow, and improve the company's economic benefits. After the equity transfer was completed, Hairun Beijing Express held 5% of the project company's equity, resulting in a change in the scope of the consolidated statement of the listed company.

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