Wuhan Tianyuan: Holding Subsidiary Plans to Invest 560 Million Yuan to Build Energy Storage Project

Wuhan Tianyuan announced that its controlling subsidiary, Wuhan Tianyuan Energy Co., Ltd., has signed an "Investment Agreement" with the People's Government of Xiushui County, Jiujiang City, Jiangxi Province, to invest in the construction of an "Independent Shared Energy Storage Power Station Project" with a total investment of 560 million yuan. This project will synergize with the company's existing waste incineration green power project and drive the green energy business to become a core growth driver for the company. Additionally, the project will extend the company's industrial chain, enhance the added value and risk resistance of the energy business. However, the project implementation faces risks such as policy adjustments and changes in market conditions, and there is uncertainty in raising follow-up funds.