On the evening of April 9, Shuangjie Electric issued an announcement stating that due to significant changes in the overseas market environment, policies and project implementation conditions, in order to prudently prevent overseas investment risks and optimize resource allocation, the company recently held the sixth board of directors. Twelfth meeting. At the meeting, the “Proposal on Canceling Foreign Investment in Kyrgyz Photovoltaic Projects” was reviewed and passed, and the board of directors finally decided to cancel the previously formulated foreign investment plan.
It is understood that on August 25, 2025, Shuangjie Electric held the seventh meeting of the sixth board of directors and reviewed and approved the “Proposal on the Establishment of a Hong Kong Wholly-owned Subsidiary and Foreign Investment”. According to the bill, the company agreed to set up a wholly-owned subsidiary-Shuangjie Hong Kong Co., Ltd. (English name is SOJO HK Limited, referred to as “Shuangjie Hong Kong”) in Hong Kong, and plans to directly or indirectly invest in the 100MW photovoltaic power generation project in Arawan District, Osh State, Kyrgyz Republic through the company.
Shuangjie Electric clearly stated in the latest announcement that Shuangjie Hong Kong, a wholly-owned subsidiary of the company in Hong Kong, will continue to operate. In the future, the company intends to carry out overseas trade and other overseas investment business with Shuangjie Hong Kong as the main body. In order to ensure the legal compliance of the company’s overseas business, the board of directors authorizes the company’s management to carry out overseas trade and other related business for the Hong Kong wholly-owned subsidiary in accordance with relevant national laws and regulations and regulatory requirements, and handle overseas investment filing procedures in accordance with the law.
