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Zhitong Finance App News, Xin Fengming (603225.SH) issued an announcement. Due to the needs of the company's future development strategy, Tiannuo New Materials invested 20 million yuan to establish Tianmen Zhaoyu Energy Technology Co., Ltd. (“Zhaoyu Energy”), a wholly-owned subsidiary of the company, with a shareholding ratio of 100%; Tiannuo New Materials invested 76 million yuan, and Tianmen Gaotou Thermal Power invested 4 million yuan to jointly establish Tianmen Zhaohong Thermal Power Co., Ltd. (“Zhaohong Thermal Power” for short). The share ratio is 5%.

Zhitongcaijing·11/09/2026 10:09:03
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Zhitong Finance App News, Xin Fengming (603225.SH) issued an announcement. Due to the needs of the company's future development strategy, Tiannuo New Materials invested 20 million yuan to establish Tianmen Zhaoyu Energy Technology Co., Ltd. (“Zhaoyu Energy”), a wholly-owned subsidiary of the company, with a shareholding ratio of 100%; Tiannuo New Materials invested 76 million yuan, and Tianmen Gaotou Thermal Power invested 4 million yuan to jointly establish Tianmen Zhaohong Thermal Power Co., Ltd. (“Zhaohong Thermal Power” for short). The share ratio is 5%.