Securities code: 301062 Securities abbreviation: Shanghai Ailu
Bond code: 123229 Bond abbreviation: Ailu Convertible Bond
Announcement No.: 2024-045
Shanghai Ailu Packaging Co., Ltd
Voluntary Disclosure Announcement on the Progress of Establishing Holding Subsidiaries for Outward InvestmentOur company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or significant omissions.1、 Overview of Investment MattersOn October 27, 2023, the company held the fourth meeting of the fourth board of directors and the fourth meeting of the fourth supervisory board, and approved the proposal on the establishment of a holding subsidiary through external investment. The company, together with Shanghai Yishengli Enterprise Management Co., Ltd. (hereinafter referred to as "Shanghai Yishengli") and Guofu (Shanghai) New Energy Co., Ltd. (hereinafter referred to as "Guofu New Energy"), jointly invested in the establishment of Nantong Aina New Energy Technology Co., Ltd. (hereinafter referred to as "Aina New Energy") to carry out research and development, production, and sales of composite material photovoltaic frame products.On November 8, 2023, Aina New Energy completed its business registration and obtained its Business License.2、 Progress of Investment Matters（1） Overview of Aina New Energy Project ProductsThe main raw materials for composite frame products are polyurethane, fiberglass, etc. Composite material frames have core advantages such as ultra-low carbon, corrosion resistance, and PID resistance, which can adapt to specific scenarios such as offshore photovoltaics and high corrosion industrial and commercial photovoltaics; Compared to traditional aluminum alloy frames, it has cost advantages, customizable features, and various colors and sizes that meet the aesthetic requirements of architecture.（2） Registration Status of Aina New Energy Project(1) Project Name:New photovoltaic composite material construction project(2) Construction nature: Newly built(3) Project commencement date: 2024(4) Project production capacity plan: After the project is fully constructed and reaches production capacity, it will formannual productionProduction capacity of 2.79 million sets of photovoltaic frame composite materials（3） Progress of Aina New Energy Project(1) Certification acquisition status: As of the disclosure date of this announcement, Aina New Energy's polyurethane composite frame products (materials and structures) have successfully passed various testing evaluations and obtained German VDE raw material certification and T ü V (South Germany) certification;(2) Latest progress in production capacity: As of the disclosure date of this announcement, Aina New Energy has the production capacity of polyurethane composite frame products that match the downstream photovoltaic industry's 1.5GW production capacity. The company will gradually arrange the deployment of new production lines based on existing orders and customer sample results;(3) Product delivery status: As of the disclosure date of this announcement, Aina New Energy's polyurethane composite frame products are in the stage of small-scale supply, and the entire line has the ability to deliver on a large scale; At the same time, the company has completed the sample delivery of more than 20 downstream photovoltaic module customers (specific customer information subject to the company's regular report disclosure due to the signing of confidentiality agreements). Further verification is pending. The overall shipment volume and major order signing situation for 2024 shall be subject to the company's special announcement and regular report disclosure.The company will continue to monitor the progress of the above-mentioned projects, strictly comply with relevant laws, regulations, and normative documents, and fulfill information disclosure obligations in a timely manner. Investors are advised to invest cautiously and be aware of investment risks.4、 Document for reference(1) Aina New Energy's Business License;(2) VDE certification, T ü V (South Germany) certification.Shanghai Ailu Packaging Co., Ltd
