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Shengquan Group announced that the 20th meeting of the 10th board of directors of the company reviewed and passed the bill, agreeing to subscribe for the additional registered capital of Shandong Zhaoyuan Nuclear Power Co., Ltd. with 249 million yuan in cash. After the capital increase is completed, it will hold 5% of Zhaoyuan Nuclear Power's shares. Zhaoyuan Nuclear Power is a wholly-owned subsidiary of China General Nuclear Power Co., Ltd., and is responsible for the development, construction and operation of the first phase of the Shandong Zhaoyuan Nuclear Power Project. This investment will help the company integrate into the clean energy industry layout and promote the application expansion of specialty resins and other products in the field of nuclear power. At the same time, the meeting reviewed and passed a bill to adjust the reserved share transfer price and reserved share allocation for the 2025 employee stock ownership plan.
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Shengquan Group announced that the 20th meeting of the 10th board of directors of the company reviewed and passed the bill, agreeing to subscribe for the additional registered capital of Shandong Zhaoyuan Nuclear Power Co., Ltd. with 249 million yuan in cash. After the capital increase is completed, it will hold 5% of Zhaoyuan Nuclear Power's shares. Zhaoyuan Nuclear Power is a wholly-owned subsidiary of China General Nuclear Power Co., Ltd., and is responsible for the development, construction and operation of the first phase of the Shandong Zhaoyuan Nuclear Power Project. This investment will help the company integrate into the clean energy industry layout and promote the application expansion of specialty resins and other products in the field of nuclear power. At the same time, the meeting reviewed and passed a bill to adjust the reserved share transfer price and reserved share allocation for the 2025 employee stock ownership plan.
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