Trina Solar: Trina Solar Co., Ltd. announced the progress of its participation in the establishment of industrial funds and related party transactions
DATE:  Feb 08 2025

Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2025-018

Convertible bond code: 118031 Convertible bond abbreviation: day 23 convertible bond

Trina Solar Co., Ltd

Announcement on the progress of participating in the establishment of industrial funds and related party transactions

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

1. Overview of cooperative investment and related party transactions

Trina Solar Co., Ltd. (hereinafter referred to as the "Company") held its first meeting on September 30, 2024

The twelfth meeting of the third board of directors and the sixth meeting of the third board of supervisors deliberated and approved the "Proposal on the Company's Participation in the Establishment of Industrial Funds and Related Party Transactions", and agreed that Jiangsu Chengyu Investment Development Co., Ltd. (hereinafter referred to as "Chengyu Investment"), a wholly-owned subsidiary of the company, and CCB (Beijing) Investment Fund Management Co., Ltd. (hereinafter referred to as "CCB (Beijing) Investment"), Wuhu Jianxiang No. 1 Venture Capital Fund Partnership (Limited Partnership) (hereinafter referred to as "Jianxiang Fund"), Trina Xingyuan (Changzhou) Enterprise Consulting Management Co., Ltd. (hereinafter referred to as "Xingyuan Enterprise Management") and China Green Development Fund Co., Ltd. (hereinafter referred to as "National Green Fund") jointly invested in the establishment of Jianxin Xingyuan Green Venture Capital Fund (Changzhou) Partnership (Limited Partnership) (hereinafter referred to as "Double Carbon Industry Fund" or "Partnership"). The scale of the dual-carbon industry fund is 1.6 billion yuan, of which Chengyu Investment, a wholly-owned subsidiary of the company, contributed 392 million yuan as a limited partner and directly holds 24.50% of the partnership share of the dual-carbon industry fund; As one of the general partners, Xingyuan Enterprise Management contributed RMB 0.08 million and directly held 0.50% of the partnership share of the dual-carbon industry fund. Due to the acquisition of 100% equity of Xingyuan Enterprise Management by Trina Solar (Changzhou) Technology Co., Ltd. (hereinafter referred to as "Trina Technology"), a wholly-owned subsidiary of the company

Until September 30, 2024, the company will handle industrial and commercial changes, and after the completion of equity delivery, the company's subsidiaries will be

One of the general partners of the fund will directly hold a total of 25.00% of the partnership share of the dual-carbon industry fund. tool

For details, please refer to the company's website on the Shanghai Stock Exchange website (www.sse.com.cn) on October 1, 2024

Announcement of Trina Solar Co., Ltd. on Participating in the Establishment of Industrial Funds and Related Party Transactions (Public)

Proclamation No. 2024-084). The matter has been held by the Company for the third time of 2024 on October 16, 2024

The extraordinary general meeting of shareholders deliberated and approved.

On October 23, 2024, Xingyuan Enterprise Management has completed the industrial and commercial change registration procedures related to the equity transfer.

After the completion of the industrial and commercial change registration, the company's wholly-owned subsidiary, Tianhe Technology, directly holds 100% of the equity of Xingyuan Enterprise Management, and Xingyuan Enterprise Management has become a wholly-owned subsidiary of the company.

Second, the progress

Recently, the company received a notice from the fund manager on the progress of the dual-carbon industry fund, and the relevant situation is hereby announced as follows:

(1) The signing of the agreement

On November 1, 2024, the company's wholly-owned subsidiaries Xingyuan Enterprise Management, Chengyu Investment and CCB (Beijing) Investment

The National Green Fund jointly signed the "Jianxin Xingyuan Green Venture Capital Fund (Changzhou)

Partnership Agreement for Partnership (Limited Partnership), the main terms of the agreement are detailed in the Company's October 1, 2024

Announcement of Trina Solar Co., Ltd. on Participating in the Establishment of Industrial Funds and Related Party Transactions (Announcement No.: 2024-084) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn).

(2) Industrial and commercial registration information

On December 3, 2024, the partnership acquired the Changzhou National High-tech Industrial Development Zone (Xinbei District)

The relevant information of the "Business License" issued by the Administrative Examination and Approval Bureau is as follows:

Name: Jianxin Xingyuan Green Venture Capital Fund (Changzhou) Partnership (Limited Partnership)

Nature: Limited Partnership

Unified social credit code: 91320411MAE7JDFM3U

Executive Partner: CCB (Beijing) Investment Fund Management Co., Ltd

Registered capital: 160,000 yuan

Date of Establishment: December 3, 2024

Registered address: 9th Floor, Building 3, Cultural Plaza, No. 2 Jinxiu Road, Mitsui Street, Xinbei District, Changzhou City, Jiangsu Province

Business Scope: General Projects: Venture Capital (Limited to Investment in Unlisted Enterprises); Engaging in equity investment, investment management, asset management and other activities with private equity funds (business activities can only be engaged after the completion of registration and filing with the Asset Management Association of China); Equity investment (except for projects subject to approval in accordance with the law, independently carry out business activities with a business license in accordance with the law)

(3) The filing of the fund

Recently, the dual-carbon industry fund has completed the filing procedures of the Asset Management Association of China and obtained the "Private Investment Fund Filing Certificate". The specific ICP filing information is as follows:

Fund Name: Jianxin Xingyuan Green Venture Capital Fund (Changzhou) Partnership (Limited Partnership)

Name of Manager: CCB (Beijing) Investment Fund Management Co., Ltd

Name of custodian: China Construction Bank Corporation

Record date: January 24, 2025

ICP record number: SASQ09

3. Risk Warning

The company's participation in the establishment of the dual-carbon industry fund is a prudent decision made based on the development strategy and investment direction, but the dual-carbon industry fund has the characteristics of long investment cycle and low liquidity, and will be affected by various factors such as macroeconomy, laws and regulations, industry cycle, and the operation and management of the target company in the investment process, and there may be risks that the investment project cannot achieve the expected returns and cannot be withdrawn in a timely and effective manner. As the general partner of the fund, Xingyuan Enterprise Management, a wholly-owned subsidiary of the company, bears unlimited joint and several liability for the fund, and there is no capital guarantee and minimum return commitment for this investment. The company will pay close attention to the progress of the operation, management, investment decision-making and post-investment management of the dual-carbon industry fund, prevent and avoid investment risks, maintain the safety of the company's investment funds, and fulfill its information disclosure obligations in a timely manner in accordance with the requirements of relevant laws and regulations. Please pay attention to the investment risks.

The announcement is hereby made.

Board of Directors of Trina Solar Co., Ltd

February 8, 2025

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