On the evening of December 17, Sichuan Investment Energy (600674. SH) announced that the company's board of directors and board of supervisors agreed to terminate the listing of Chengdu Jiaotong University Shine Technology Co., Ltd. (hereinafter referred to as "Jiaotong University Shine"), a spin-off subsidiary, and withdraw the relevant listing guidance documents. The company explained that the reason for the termination of the spin-off and listing of Jiaoda Guangguang is that the current market environment has changed greatly compared with the beginning of the planning of the spin-off and listing, and the company has fully communicated with relevant parties and prudently demonstrated that in order to effectively safeguard the interests of the company and the majority of investors, the company intends to terminate the spin-off of Jiaoda Guangguang and withdraw the relevant listing guidance documents.

On July 26, 2023, UBS Securities released the guidance and filing report of Jiaoda Guangguang IPO Growth Enterprise Market (GEM), showing that the company was established on June 11, 1998. The controlling shareholder is Sichuan Chuantou Energy Co., Ltd., with a direct shareholding ratio of 46.08%, and an indirect shareholding ratio of 0.01% through Chengdu Chuantou Yingyuan Commercial Management Partnership (Limited Partnership), with a total shareholding ratio of 46.09%. Since Sichuan Chuantou Yingyuan Enterprise Management Co., Ltd., which is wholly owned by Sichuan Investment Energy, is the corporate GP (general partner) of Chengdu Sichuan Investment Yingyuan Commercial Management Partnership (Limited Partnership) and enjoys the decision-making power of major matters of Chengdu Sichuan Investment Yingyuan Commercial Management Partnership (Limited Partnership), the voting rights of Sichuan Chuantou Energy Co., Ltd., the controlling shareholder, Sichuan Chuantou Energy Co., Ltd., actually controls 53.93% of the voting rights of the company.

It is worth noting that Jiaotong University was once spun off to the Science and Technology Innovation Board for listing. In March 2022, China Merchants Securities released the "Sichuan Investment Energy Split Jiaotong University Guangguang to the Science and Technology Innovation Board Listing Plan", which shows that Jiaoda Guangguang is mainly engaged in investment, development, operation and management of clean energy, and also covers R&D, production and sales of rail transit electrical automation systems, as well as production and operation of high-tech products such as optical fiber and cable.

Previously, on the evening of November 29, Sichuan Investment Energy, Sichuan Energy Power (000155. SZ), Huahai Qingke (688120. According to the notice sent by the controlling shareholders or indirect controlling shareholders of all parties, the Sichuan Provincial People's Government intends to start the strategic restructuring of Sichuan Investment Group Co., Ltd. (hereinafter referred to as "Sichuan Investment Group") and Sichuan Energy Investment Group Co., Ltd. (hereinafter referred to as "Energy Investment Group").