Australia Shunchang sub company intends to 195 million yuan capital Tianpeng

Yesterday (24) evening, Australia Shunchang announcement, the company's subsidiary Jiangsu Green Energy Company Limited ("Li Wei Wei Jiangsu green") intends to own funds 195 million yuan to its wholly-owned subsidiary of Jiangsu Tianpeng Power Company Limited ("Tianpeng") of capital, increase its registered capital of 195 million yuan after the completion of the capital, Tianpeng registered capital of 300 million yuan.

According to the announcement, Tianpeng power was founded in 2006, the business scope includes research and development, production and sales of lithium-ion batteries, automotive power lithium battery (lithium battery, battery module, battery equipment and application systems), provide related technical services; self and agent all kinds of goods and technology import and export business. As of September 30, 2017, Tianpeng assets amounted to 1 billion 154 million 555 thousand and 600 yuan, total liabilities of 855 million 835 thousand and 700 yuan, net assets of 298 million 719 thousand and 900 yuan, achieved operating income of 436 million 535 thousand and 400 yuan 1-9 months of 2017, net profit of 114 million 120 thousand and 100 yuan. (Unaudited)

The company said, in view of the lithium battery business Jiangsu green Wei is currently the main production subject to its wholly-owned subsidiary of Tianpeng power, Tianpeng power lithium batteries in the nearly 10 years of research and development in manufacturing, has been highly recognized by customers, Jiangsu green Wei (including Tianpeng) main qualification and certification of lithium battery business were carried out in the name of the Tianpeng power. Tianpeng original registered capital of only 105 million yuan, and is currently in the 1 million Nissan lithium batteries in the process of project construction, large capital requirements, increase its registered capital, it helps to build the company power lithium battery project, enhance the Tianpeng company image, bigger and stronger lithium battery business.

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