GCL Energy Technology (002015): Join Hands With CICC To Establish "Double Carbon" Industry Investment Fund

GCL energy technology (002015) announced on the evening of March 6 that the company or its designated holding subsidiary plans to establish an industrial investment fund (hereinafter referred to as the "industrial investment fund") with the "dual carbon" industrial chain (including but not limited to the clean energy and mobile energy industry chain) and other industrial chains as the main investment direction through private investment with CICC. The total amount of subscribed capital contribution of industrial investment fund is no more than 4.5 billion yuan, of which, GCL energy technology (including its holding subsidiary) intends to make a capital contribution of no more than 2.25 billion yuan with its own funds, and the rest has been raised by CICC private equity.

According to the announcement, the 43rd meeting of the seventh board of directors held on March 4 deliberated and passed the proposal on establishing industrial investment fund through cooperation with CICC private placement. The board of directors agreed that the company and its holding subsidiaries should participate in the establishment of the industrial investment fund. The company (including the holding subsidiary) should make a capital contribution of no more than 2.25 billion yuan with its own funds. The board of directors authorized the management of the company to handle all relevant matters related to the establishment of the industrial investment fund in this cooperation.

According to the announcement, the industrial investment fund is tentatively named as cicc-gcl carbon neutral industry investment fund, and its business scope covers direct and indirect investment in high-quality projects upstream and downstream of the "dual carbon" industrial chain (including but not limited to clean energy and mobile energy industry chain) and other high-quality projects in emerging industries supported or encouraged by the state.

Founded in October 2020, CICC private equity is a 100% holding subsidiary of CICC with a registered capital of 500 million yuan. Its business scope includes equity investment management, investment management, asset management, etc.