On December 23, 2023, Dike Co., Ltd. issued the "Announcement on the Company's Foreign Investment and the Signing of the Investment Agreement", stating that the company plans to invest in the construction of an annual output of 2,000 tons of high-efficiency photovoltaic conductive silver paste production project, with a planned investment of about 200 million yuan, and the funds are its own funds and self-raised funds. The project is located in Mianzhu High-tech Zone, Sichuan Province, and is planned to be completed and put into operation within 12 months from the date of signing the agreement.
The company has signed the "Investment Agreement for the Industrialization Project of High-efficiency Photovoltaic Conductive Silver Paste" with the Management Committee of Mianzhu High-tech Industrial Park. The implementation of the project still needs to go through the pre-approval procedures such as project filing with the relevant competent authorities, and there may be risks of change, extension, suspension or termination.
The investment is based on the needs of the company's business development and the judgment of the industry market prospects, but there is a risk that market development and industry policy changes may lead to the company's market expansion and operation not meeting expectations. This investment does not constitute a connected transaction, nor does it constitute a material asset restructuring.
The Management Committee of Mianzhu High-tech Industrial Park is the partner of the project, and its address is located at No. 1, Changshun Road, Jiangsu Industrial Park, Mianzhu High-tech Zone. The name of the project is an annual output of 2,000 tons of high-efficiency photovoltaic conductive silver paste production project, which is planned to be constructed in the existing plant in the Yuhua Cloud Warehouse Project of Jiangsu Industrial Park, Mianzhu High-tech Zone, with an investment scale of about 200 million yuan, and the funds are the company's own funds and self-raised funds. The project is scheduled to be completed and put into production within 12 months from the date of signing the Investment Agreement.
Dike Co., Ltd. signed an investment agreement with the Management Committee of Mianzhu High-tech Industrial Park, including the construction of an annual output of 2,000 tons of high-efficiency photovoltaic conductive silver paste production project, with a total investment of about 200 million yuan, located in the existing two factories in the Jiangsu Industrial Park of Mianzhu High-tech Zone, Sichuan Province, with a construction period of 12 months, and the cumulative output value is expected to be not less than 10 billion yuan in the first three years after it is put into operation. The construction and operation of the project shall be carried out by the project company registered by Dike Co., Ltd. in Mianzhu City with independent legal personality.
The agreement also includes the main responsibilities and obligations of both parties, as well as the liability for breach of contract and the entry into force of the agreement. Dike plans to invest in the construction of a high-efficiency photovoltaic conductive silver paste production project with an annual output of 2,000 tons, with a planned investment of about 200 million yuan, and will set up a wholly-owned subsidiary in the local area to implement the investment, construction and operation of the project.
Wuxi Dike Electronic Materials Co., Ltd. was listed on the GEM of the Shenzhen Stock Exchange on June 18, 2020, and its main business is the research and development, production and sales of electronic materials such as new electronic pastes. In the national economic industry, it belongs to the manufacturing category, and the computer, communication and other electronic equipment manufacturing industry is sub-category;In terms of Shenwan industry classification, it belongs to the major category of power equipment and the small category of photovoltaic equipment. As of October 25, 2023, the actual controllers of the company are Shi Weili and Yan Jingmei.
As of December 22, 2023**, the company's share price is 6746 yuan shares, with a circulating market capitalization of 578.6 billion yuan.
Announcement**: Disclaimer: This article is written by the robot, jointly incubated by Pencil Road and Hanxin Society, and the main data is provided by Hanguang Suwen. The content and data in this article are for reference only and do not constitute investment advice.